HS Code:
The 'Other (provided for in subheading 8426.19.00)' category under HS Code 8426.19.00 includes various types of overhead traveling cranes, transporter cranes, gantry cranes, bridge cranes, and mobile lifting frames on tires, as well as straddle carriers that are not elsewhere specified or included. This category typically encompasses specialized lifting and material handling equipment used in industrial, construction, and port operations. These machines are critical for heavy-duty lifting tasks in environments where standard cranes may not be suitable.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased demand for automated cranes
Growing adoption of automation in industrial and port operations is driving demand for advanced cranes with remote operation and IoT integration.
2022
Shift towards eco-friendly equipment
Manufacturers are focusing on electric and hybrid cranes to meet stringent environmental regulations, influencing trade patterns.
2021
Rising infrastructure projects in Asia-Pacific
Large-scale infrastructure developments in countries like India and Indonesia are boosting imports of heavy lifting equipment.
2020-2022
The European Union introduced updated safety standards for industrial cranes, requiring advanced safety features and certifications for imports under HS 8426.19.00.
March 2023
Exporters to the EU may face higher compliance costs, potentially affecting trade volumes from non-compliant regions.
A recent bilateral agreement reduced tariffs on certain industrial equipment, including products under this category, from 7.5% to 4%.
January 2023
This is expected to increase Chinese exports of cranes to the US market in the short term.
Ongoing supply chain issues, including raw material shortages for crane manufacturing, have delayed deliveries and increased costs.
October 2022
Trade volumes saw a temporary decline in Q4 2022, with recovery expected in mid-2023.