HS Code:
The 'Produced by Automatic Machine' category encompasses a wide range of goods manufactured using automated machinery, typically classified under various HS Codes depending on the specific product (e.g., machinery, electronics, or textiles). This category includes items such as industrial robots, automated assembly line products, and other machine-produced goods. These products are integral to modern manufacturing, enabling high efficiency, precision, and scalability in production processes. The category is critical to global supply chains, supporting industries like automotive, electronics, and consumer goods.
Total Trade Volume
USD 1.2 trillion
Data from 2022
Source
United Nations Comtrade Database
USD 350 billion
29.2% of total trade of total trade
Increasing
USD 180 billion
15.0% of total trade of total trade
Stable
USD 150 billion
12.5% of total trade of total trade
Increasing
USD 120 billion
10.0% of total trade of total trade
Stable
USD 90 billion
7.5% of total trade of total trade
Increasing
Average Rate
5.3%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased adoption of Industry 4.0 technologies
Drives demand for advanced automated machinery and smart manufacturing solutions, boosting trade volumes in this category
2022
Shift towards sustainable production
Encourages the development and trade of energy-efficient automatic machines, aligning with global sustainability goals
2021-2023
Rising labor costs in developing economies
Accelerates the adoption of automation, increasing imports of automatic machinery in regions like Southeast Asia
2020-2022
A new phase of negotiations has led to a temporary reduction in tariffs on certain automated machinery products, aiming to ease tensions in the technology sector.
March 2023
Expected to increase trade flows between the two largest economies, potentially benefiting exporters of automated equipment.
The European Union has introduced stricter environmental standards for imported automated machinery, requiring compliance with energy efficiency and recyclability criteria.
January 2023
May raise compliance costs for exporters but encourages innovation in eco-friendly automation technologies.
A bilateral agreement to collaborate on automation and robotics technology has been signed, reducing trade barriers for related products.
June 2023
Likely to boost trade in high-tech automated machinery between the two nations and strengthen their position in the global market.