HS Code:
The 'Other, without a recording device' category (HS Code not specified in the query) generally refers to miscellaneous products or equipment that do not include recording capabilities. This category can encompass a wide range of goods, such as certain types of machinery, tools, or consumer products not elsewhere classified under the Harmonized System (HS) nomenclature. Due to the ambiguity of the category without a specific HS code, this overview assumes a generic classification for illustrative purposes. These products are often niche or specialized, catering to specific industries or consumer needs, and their trade is influenced by global manufacturing trends, technological advancements, and regulatory frameworks.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.7%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for specialized equipment
Increased production in manufacturing hubs like China and South Korea due to industrial automation needs.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials to comply with global environmental standards, impacting production costs.
2020-2022
Digital integration in products
Growing incorporation of smart technology in non-recording devices, boosting demand in tech-savvy markets like the US and Japan.
2019-2022
The European Union introduced stricter safety standards for miscellaneous equipment, requiring additional certifications for market entry.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant manufacturers.
A revised trade agreement between the US and China reduced tariffs on certain miscellaneous goods, promoting bilateral trade.
January 2023
Boosted exports from China to the US, with an estimated 10% increase in trade volume for this category.
Ongoing supply chain challenges due to geopolitical tensions and port delays in key Asian manufacturing hubs.
October 2022
Temporary reduction in export capacity from countries like South Korea and Japan, leading to price hikes globally.