HS Code:
The 'Other machines and mechanical appliances' category under HS Code 8479 includes a wide range of machinery and mechanical appliances not elsewhere specified or included in other HS codes. This category covers specialized equipment used in various industrial, commercial, and domestic applications, such as machines for processing materials, cleaning, testing, or other specific functions. It is a diverse category that reflects innovation and niche industrial needs, often tailored to specific sectors like manufacturing, construction, and technology.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 8.2 billion
18.1% of total trade of total trade
Increasing
USD 7.5 billion
16.6% of total trade of total trade
Increasing
USD 6.1 billion
13.5% of total trade of total trade
Stable
USD 4.8 billion
10.6% of total trade of total trade
Stable
USD 3.9 billion
8.6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for automation equipment
Driven by Industry 4.0, there is a surge in demand for specialized machinery, boosting trade volumes particularly in developed economies.
2021-2022
Shift towards sustainable machinery
Growing emphasis on energy-efficient and eco-friendly machines has led to innovation and new market entrants, affecting trade dynamics.
2020-2022
Supply chain disruptions
Post-COVID-19 supply chain bottlenecks have slowed trade growth, with increased costs and delays impacting smaller exporters.
2021-2022
The European Union introduced new regulations under the Green Deal to enforce stricter energy efficiency standards for industrial machinery.
June 2023
Exporters to the EU must adapt to comply with these standards, potentially increasing production costs but opening opportunities for sustainable tech providers.
Phase 2 negotiations between the US and China include discussions on reducing tariffs for specialized machinery, aiming to ease trade tensions.
March 2023
If successful, this could lower costs for US importers and increase Chinese exports in this category.
Significant innovations in robotic machinery under HS 8479 have been reported, with Japan and Germany leading in patents and exports.
January 2023
This strengthens the competitive edge of these countries, potentially shifting market shares in the global trade landscape.