HS Code:
The 'Other monumental or building stone' category (HS Code: 6802) includes worked monumental or building stone and articles thereof, other than goods of heading 6801. This encompasses stones like granite, marble, and sandstone that are cut, shaped, or otherwise prepared for use in construction or as monuments. This category is critical for the construction industry, architectural projects, and cultural heritage preservation, with significant demand driven by urbanization and infrastructure development.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-India FTA)
Rising demand for sustainable and eco-friendly stone products
Increased investment in environmentally friendly quarrying techniques and certifications, influencing supplier competitiveness
2021-2022
Growth in urbanization and infrastructure projects in Asia-Pacific
Boost in demand for building stone in emerging economies like Vietnam and Indonesia, shifting trade focus to the region
2020-2022
Technological advancements in stone processing
Improved precision and efficiency in cutting and finishing, reducing costs and increasing export volumes from tech-savvy countries like Italy
2019-2022
The European Union's Green Deal has introduced stricter environmental standards for imported building materials, including monumental stone, requiring suppliers to meet sustainability criteria.
January 2023
Potential increase in compliance costs for exporters like India and Turkey, but also an opportunity for those already adopting green practices.
The US Infrastructure Investment and Jobs Act, signed into law, has increased demand for building materials, including monumental stone for public projects.
November 2021
Significant rise in exports to the US from countries like Brazil and Italy, with a projected growth of 10-15% in trade volume over the next 5 years.
A new trade agreement between India and Turkey has reduced tariffs on building stone exports, facilitating smoother trade flows between the two nations.
March 2023
Expected to increase bilateral trade by 8-12% in this category over the next two years, strengthening their positions in the global market.