HS Code:
Parts of universal joints (HS Code: 8483.90) fall under the broader category of transmission shafts, bearings, gears, and other related components. Universal joints are critical mechanical components used in various industries, including automotive, industrial machinery, and aerospace, to transmit rotary motion between misaligned shafts. Parts of universal joints include components such as yokes, crosses, and bearings, which are essential for the assembly and functionality of these joints. This category is vital for the maintenance and manufacturing of vehicles and machinery, contributing significantly to global supply chains.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$600 million USD
24% of total trade of total trade
Increasing
$500 million USD
20% of total trade of total trade
Stable
$400 million USD
16% of total trade of total trade
Increasing
$350 million USD
14% of total trade of total trade
Increasing
$200 million USD
8% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand in electric vehicles (EVs)
Increased need for lightweight and high-efficiency universal joint parts to improve EV performance and range.
2021-2023
Automation in manufacturing
Adoption of advanced manufacturing technologies like 3D printing and robotics has reduced production costs and improved precision in universal joint parts.
2020-2022
Shift towards sustainable materials
Growing emphasis on recyclable and eco-friendly materials in response to environmental regulations and consumer demand.
2022-2023
The European Union imposed provisional anti-dumping duties on certain Chinese-made universal joint parts, citing unfair pricing practices.
March 2023
This is likely to increase costs for EU importers and may shift sourcing to other countries like Japan or South Korea.
The United States-Mexico-Canada Agreement (USMCA) has facilitated tariff-free trade of universal joint parts within the region, strengthening supply chains.
July 2022
Enhanced regional production and reduced dependency on Asian imports for North American manufacturers.
Major manufacturers in Germany and Japan have introduced universal joint parts made from advanced composites, targeting the EV and aerospace sectors.
September 2023
Expected to drive demand in high-growth industries, potentially increasing export volumes from these countries.