HS Code:
The 'Powered by Electric Motor' category (HS Code: 8501) encompasses a wide range of products including electric motors and generators (excluding generating sets). This category includes AC and DC motors, universal AC/DC motors, and other electric motor types used in various applications such as industrial machinery, household appliances, automotive systems, and renewable energy solutions. These products are critical to modern technology and infrastructure, driving automation and energy efficiency across multiple sectors.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient motors
Increased adoption of electric motors in renewable energy systems and electric vehicles drives market growth, particularly in Europe and North America.
2022
Shift towards automation and Industry 4.0
Higher demand for precision electric motors in robotics and smart manufacturing, boosting trade volumes in Asia-Pacific countries.
2021-2022
Supply chain disruptions
Shortages of raw materials like rare earth metals have led to price volatility and delayed production, affecting global trade flows.
2021
The European Union introduced stricter energy efficiency standards for electric motors under the Green Deal framework, mandating higher efficiency ratings for imports starting mid-2023.
July 2023
Exporters to the EU must adapt to new regulations, potentially increasing production costs but also creating opportunities for high-efficiency motor manufacturers.
Ongoing trade disputes have led to additional tariffs on Chinese electric motors imported into the United States, prompting manufacturers to explore alternative supply chains in Southeast Asia.
March 2023
Diversification of supply chains may reduce China's dominance in the short term while increasing costs for US importers.
Surging global demand for electric vehicles has driven a significant increase in trade for electric motors specifically designed for automotive applications.
January 2023
Countries with strong EV manufacturing bases, like China and South Korea, are seeing rapid growth in export volumes for this subcategory.