HS Code:
The 'Other reciprocating positive displacement pumps' category (HS Code: 841350) includes a variety of pumps that operate on the principle of reciprocating motion to displace fluids. These pumps are used across industries such as oil and gas, water treatment, chemical processing, and manufacturing for their precision and ability to handle high-pressure applications. They differ from centrifugal pumps by providing a constant flow regardless of pressure, making them ideal for dosing and metering tasks.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Growing demand in renewable energy sector
Increased use in biofuel production and hydrogen processing has boosted demand for high-precision reciprocating pumps.
2021-2022
Shift towards automation and smart pumps
Integration of IoT and digital monitoring systems in pumps is driving innovation and increasing market competition.
2020-2022
Supply chain disruptions
Post-pandemic supply chain issues and raw material shortages have led to higher production costs and delays.
2021-2022
The EU has introduced stricter environmental regulations under the Green Deal, pushing manufacturers to develop energy-efficient reciprocating pumps.
March 2023
Increased R&D costs but potential for market expansion in eco-friendly products.
Recent negotiations have led to a temporary reduction in tariffs on industrial pumps, benefiting Chinese exporters to the US market.
January 2023
Expected increase in trade volume by 10-15% between the two countries for this category.
A leading German manufacturer introduced a new line of reciprocating pumps with 20% higher energy efficiency, setting a new industry standard.
September 2022
Likely to pressure competitors to innovate, potentially increasing market share for early adopters.