HS Code:
The 'Other drawing, marking-out or mathematical calculating instruments' category (HS Code: 9017.80) includes a variety of precision tools used for drawing, measuring, and mathematical calculations, excluding drafting tables and machines. This category encompasses instruments like protractors, compasses, rulers, and other specialized tools used in education, engineering, architecture, and design. These products are essential for technical and creative industries, with demand driven by educational institutions, professional sectors, and industrial applications.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards digital tools and software
Decreasing demand for traditional physical instruments as digital design software and apps replace manual tools in professional and educational settings.
2020-2022
Growth in educational sector demand
Increased demand from schools and universities in emerging markets due to expanding student populations and STEM education initiatives.
2021-2023
Sustainability and eco-friendly materials
Rising preference for instruments made from recycled or sustainable materials, influencing production and branding strategies of major manufacturers.
2022-2023
The European Union introduced anti-dumping duties ranging from 8-12% on certain Chinese manufacturers of drawing and measuring instruments to protect local producers from unfair pricing practices.
March 2023
Increased costs for EU importers of Chinese products, potentially shifting market share to other exporters like India or domestic producers.
Under the United States-Mexico-Canada Agreement, tariffs on mathematical calculating instruments were reduced to 0% among member countries, facilitating smoother trade flows.
January 2023
Boosted trade volumes within North America, with U.S. and Canadian companies benefiting from lower import costs from Mexico.
Major manufacturers in Japan and Germany introduced hybrid drawing tools with integrated digital displays, catering to professionals seeking precision with modern technology.
June 2023
Created a niche market segment, potentially increasing trade value as premium-priced products gain traction in developed markets.