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📦 Other, of rectangular (other than square) cross section

Other, of rectangular (other than square) cross section

HS Code:

📦

Overview

The 'Other, of rectangular (other than square) cross section' category under the Harmonized System (HS) Code typically pertains to specific metal products, such as bars, rods, or profiles, that have a rectangular cross-section but are not square. These products are often used in construction, manufacturing, and industrial applications. This category excludes items that fall under more specific classifications and focuses on miscellaneous rectangular cross-section items made of materials like steel, aluminum, or other alloys. The trade of these products is influenced by global demand for infrastructure development, industrial production, and raw material availability.

Total Trade Volume

USD 12.5 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2% ad valorem

Highest Rate

12% (imposed by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-Japan EPA)

Common Restrictions

  • Anti-dumping duties on specific exporters
  • Import quotas in some regions
  • Quality and safety certification requirements
  • Environmental compliance standards

Market Trends

Rising demand for lightweight materials

Increased use of aluminum rectangular profiles in automotive and aerospace industries, driving trade volume growth.

2021-2022

Shift towards sustainable production

Growing preference for eco-friendly and recycled materials in manufacturing, affecting supplier choices and pricing.

2020-2022

Infrastructure boom in Asia-Pacific

Higher demand for steel and alloy rectangular sections in construction projects, boosting exports from China and South Korea.

2019-2022

Recent Developments

US Tariffs on Steel Imports

The United States imposed additional tariffs on steel products, including rectangular cross-section items, from certain countries to protect domestic industries.

March 2022

Increased costs for importers and potential shift in supply chains towards non-tariffed countries.

EU Green Deal Regulations

The European Union introduced stricter environmental regulations under the Green Deal, affecting the production and import of metal products with high carbon footprints.

July 2021

Higher compliance costs for exporters and a push towards greener production technologies.

China's Export Restrictions

China implemented export restrictions on certain metal products to prioritize domestic supply amidst rising global demand.

October 2022

Temporary reduction in export volumes, leading to price increases and supply shortages in dependent markets.