HS Code:
The 'Other (800)' category under the Harmonized System (HS) Code typically encompasses miscellaneous products that do not fit into more specific classifications. This category often includes a diverse range of goods such as certain types of machinery, equipment, tools, or other manufactured articles that are not elsewhere specified. Due to its broad nature, it captures niche or specialized items traded globally, often reflecting unique industrial or technological needs of various countries.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 10.2 billion
22.4% of total trade of total trade
Increasing
USD 8.1 billion
17.8% of total trade of total trade
Stable
USD 7.5 billion
16.4% of total trade of total trade
Increasing
USD 5.3 billion
11.6% of total trade of total trade
Stable
USD 3.9 billion
8.6% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for specialized machinery components
Increased trade volume in niche markets, particularly in developed economies with high industrial output
2021-2022
Shift towards sustainable and eco-friendly products
Manufacturers adapting to green standards, influencing trade patterns with stricter import regulations
2020-2022
Rise of automation and digital tools in production
Boost in trade for technologically advanced equipment under this category, especially from Asian exporters
2019-2022
A new phase of trade negotiations reduced tariffs on miscellaneous machinery and equipment under the 'Other (800)' category, fostering bilateral trade.
March 2023
Expected to increase trade volume by 10% between the two nations over the next year.
The European Union introduced stricter environmental compliance requirements for imported goods in miscellaneous categories, affecting exporters worldwide.
January 2023
Potential short-term trade disruptions for non-compliant exporters, with long-term benefits for sustainable production.
South Korea announced subsidies for exporting advanced technological equipment under miscellaneous HS codes to boost its global market share.
June 2022
Strengthened South Korea's position as a leading exporter in this category, with a projected 5% trade growth.