HS Code:
The category 'Other unwrought products, alloyed' under HS Codes 7601.20.30, 7601.20.60, and 7601.20.90 pertains to aluminum alloys in unwrought form, which are not further worked beyond casting or primary processing. These products are typically used as raw materials in industries such as automotive, aerospace, construction, and manufacturing for producing aluminum-based components. The category includes various alloy compositions tailored for specific mechanical properties like strength, corrosion resistance, or machinability.
Total Trade Volume
Approximately $12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$3.2 billion USD
25.6% of total trade of total trade
Increasing
$2.1 billion USD
16.8% of total trade of total trade
Stable
$1.8 billion USD
14.4% of total trade of total trade
Decreasing
$1.5 billion USD
12.0% of total trade of total trade
Increasing
$1.0 billion USD
8.0% of total trade of total trade
Stable
Average Rate
5.7% ad valorem
Highest Rate
10.5% (imposed by certain countries under protective measures)
Lowest Rate
0% (under free trade agreements like USMCA or EU trade pacts)
Rising demand for lightweight materials in automotive and aerospace
Increased trade volume as manufacturers seek aluminum alloys for fuel efficiency and sustainability goals
2021-2023
Shift towards sustainable production methods
Growing preference for low-carbon aluminum alloys, influencing supplier selection and pricing
2022-2023
Geopolitical tensions affecting supply chains
Disruptions in exports from major producers like Russia due to sanctions, redirecting trade flows to other regions
2022
The European Union introduced anti-dumping duties ranging from 19.3% to 46.7% on Chinese aluminum alloy imports to protect domestic producers.
October 2022
Expected to reduce Chinese market share in the EU, benefiting other exporters like Canada and Norway.
Revised rules of origin under the USMCA have tightened requirements for aluminum alloy content, affecting trade patterns in North America.
July 2023
Encourages regional production and sourcing, boosting trade within the US, Mexico, and Canada.
Sanctions and supply chain disruptions due to the conflict have reduced Russian aluminum alloy exports significantly.
March 2022 onwards
Global prices have surged, and alternative suppliers in the Middle East and Asia are gaining market share.