HS Code:
Pile-drivers and pile-extractors (HS Code: 843010) are specialized machinery used in construction and infrastructure projects for driving piles into the ground or extracting them. These machines are critical for foundation work in buildings, bridges, and other large structures. This category includes both hydraulic and mechanical pile-drivers and extractors, often used in heavy-duty construction environments. Global trade in this category is driven by urbanization, infrastructure development, and industrial growth, particularly in emerging economies.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand in Asia-Pacific due to rapid urbanization
Increased exports to countries like India and Indonesia, driving growth for manufacturers in China and Germany
2021-2022
Shift towards eco-friendly and low-noise pile-drivers
Manufacturers in Europe are innovating to meet stringent environmental regulations, gaining market share in the EU
2020-2022
Impact of global supply chain disruptions
Delays in production and shipping have led to higher costs and reduced trade volumes temporarily
2021
The European Union introduced new emission standards for heavy machinery, including pile-drivers, requiring manufacturers to adopt cleaner technologies.
January 2023
This may increase production costs for non-EU exporters but provides a competitive edge to European manufacturers.
Infrastructure projects under China’s Belt and Road Initiative have increased the demand for pile-drivers in Central Asia and Africa.
March 2022
Significant growth in exports from China to these regions, with a potential long-term market expansion.
The United States extended tariffs on certain Chinese construction machinery, including pile-drivers, citing unfair trade practices.
September 2022
This has led to a shift in US imports towards European and domestic suppliers, affecting Chinese market share.