HS Code:
The 'Other Inductors' category, classified under HS Code 8504.50, encompasses a variety of inductors not specifically categorized elsewhere. Inductors are passive electronic components that store energy in a magnetic field when electric current flows through them. This category includes inductors used in power supplies, telecommunications equipment, automotive electronics, and consumer electronics. They are critical for filtering, energy storage, and signal processing in electronic circuits.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for inductors in electric vehicles (EVs)
Increased production and trade in inductors for EV power management systems, especially in China and South Korea
2021-2022
Growth in 5G technology deployment
Higher demand for inductors in telecommunications equipment, boosting exports from Japan and South Korea
2020-2022
Supply chain disruptions due to geopolitical tensions
Shortages and price increases for inductors, affecting trade flows particularly from China
2022
The US imposed additional tariffs on Chinese electronic components, including inductors, as part of ongoing trade disputes.
March 2022
Increased costs for US importers and a shift toward alternative suppliers in South Korea and Japan.
The EU introduced stricter environmental regulations on electronic components, mandating compliance with sustainability standards for inductors.
July 2022
Potential barriers for non-compliant exporters, while benefiting EU-based manufacturers.
China announced significant investments in electric vehicle production, driving demand for inductors used in EV systems.
September 2022
Strengthened China's position as the leading exporter of inductors, with a projected trade volume increase of 10% in 2023.