HS Code:
Position sensors under HS Code 8543.70.45 are specialized electronic devices designed to emit digital pulses in response to rotational or linear movement. These sensors, with typical dimensions of approximately 67 mm by 50 mm by 24 mm, feature an outer housing that encases an electrical connector and a printed circuit assembly. Certified by importers for use in ground-based observatories, they play a critical role in precision measurement and control applications, often used in scientific and astronomical equipment to ensure accurate positioning and tracking.
Total Trade Volume
USD 120 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
3.5%
Highest Rate
8.0% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Growing demand for precision instruments in astronomy
Increased adoption of position sensors in observatories and research facilities, driving trade volume by 10% annually
2021-2022
Advancements in sensor technology
Development of more accurate and compact sensors, leading to higher export value and competition among manufacturers
2020-2022
Shift towards sustainable manufacturing
Manufacturers adopting eco-friendly materials and processes to meet global environmental standards, influencing production costs
2022
The European Union introduced stricter compliance requirements for electronic sensors, including position sensors, under updated REACH guidelines.
June 2023
Potential increase in production costs for exporters to the EU market, with a need for certification adjustments.
A recent bilateral agreement reduced tariffs on scientific equipment, including position sensors, fostering greater market access.
March 2023
Expected 15% growth in trade volume between the two countries for this product category over the next two years.
A leading Japanese manufacturer unveiled a new line of position sensors with enhanced digital pulse precision, tailored for observatory use.
September 2023
Likely to boost Japan's market share and set new industry standards for performance.