HS Code:
The 'Profile, duplicating or die sinking' category (HS Code: 8462.10) includes machine tools used for forging, die-stamping, and similar processes to create profiles or duplicate shapes in metalworking. These machines are critical in industries like automotive, aerospace, and manufacturing for producing precise components and tools. The category encompasses equipment designed for high-precision tasks, often used in mass production or specialized applications.
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 120 million
10.0% 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% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased adoption of automation and CNC technology
Growing demand for advanced die-sinking machines with higher precision and efficiency, especially in automotive and aerospace sectors
2021-2022
Shift towards sustainable manufacturing
Rising interest in energy-efficient machines and eco-friendly production processes, influencing buyer preferences
2022
Supply chain disruptions due to geopolitical tensions
Delays in machinery delivery and increased costs for raw materials, affecting trade volumes in certain regions
2022
The European Union introduced updated regulations requiring stricter safety and environmental compliance for imported die-sinking and profiling machines.
March 2023
Potential increase in compliance costs for exporters to the EU, but improved market trust in product quality.
Chinese manufacturers announced investments in expanding facilities for producing high-precision die-sinking equipment, aiming to capture more global market share.
July 2023
Increased competition for established exporters like Germany and Japan, potentially lowering global prices.
The United States reduced tariffs on certain industrial machinery, including die-sinking tools, as part of trade negotiations with key partners.
September 2023
Boost in imports to the US market, benefiting exporters from Japan and the EU.