HS Code:
The Planing, milling, or molding (by cutting) machines category (HS Code: 8465.92) includes machinery used for working wood, cork, bone, hard rubber, hard plastics, or similar hard materials. These machines are essential in industries such as furniture manufacturing, construction, and other wood-based product sectors. They are designed to shape, cut, or finish materials through various cutting processes, contributing significantly to industrial production and craftsmanship.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% 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% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for CNC (Computer Numerical Control) machines
Drives innovation and automation in woodworking industries, increasing trade volume for high-tech machinery
2021-2022
Shift towards sustainable materials
Growing focus on eco-friendly wood processing machines, influencing export patterns towards greener technologies
2020-2022
Rising labor costs in developing countries
Encourages adoption of automated milling and molding machines, boosting imports in emerging markets
2019-2022
The European Union introduced stricter safety and emission standards for imported planing and milling machines to ensure worker safety and environmental protection.
March 2023
Non-compliant exporters may face market access challenges, while compliant manufacturers gain competitive advantage.
Ongoing trade disputes have led to additional tariffs on Chinese-made woodworking machinery entering the US market.
January 2023
Increased costs for US importers, potentially shifting sourcing to other countries like Germany or Italy.
Major manufacturers in Germany and Italy unveiled next-generation CNC milling machines with enhanced precision and energy efficiency.
September 2022
Boosts export potential for European countries, attracting buyers from emerging markets.