HS Code:
The 'Other wheels' category under the Harmonized System (HS) Code typically includes wheels and wheel components not elsewhere specified, such as those used for industrial machinery, specific vehicles, or specialized equipment. This category encompasses a variety of products, including castors, rims, and other wheel-related parts that do not fall under standard automotive or bicycle wheel classifications. These products are critical in industries like manufacturing, construction, and logistics.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for industrial automation
Increased need for specialized wheels in robotics and automated guided vehicles (AGVs), driving market growth by 7% annually.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials for wheel production, aligning with global sustainability goals and affecting cost structures.
2020-2022
Supply chain disruptions
Global shipping delays and raw material shortages have led to a 5% increase in production costs for wheel components.
2021-2022
The European Union introduced anti-dumping duties ranging from 8-10% on certain wheel components from China to protect domestic manufacturers.
March 2023
This is expected to increase costs for EU importers and may shift sourcing to other countries like Vietnam or India.
Revised rules under the USMCA have reduced tariffs on wheel components traded between the US, Mexico, and Canada, fostering regional trade.
January 2023
Trade volume within North America for this category is projected to grow by 4% in 2023.
Major manufacturers in Japan and Germany have introduced lightweight composite materials for industrial wheels, improving efficiency.
September 2022
This innovation is expected to increase demand in high-tech industries, though it may raise initial costs for buyers.