HS Code:
The Radial category, often associated with radial tires (HS Code: 4011.10), includes new pneumatic tires of rubber, primarily used for motor cars, including station wagons and racing cars. This category is a significant segment of the global automotive parts market, driven by demand in the automotive industry, infrastructure development, and consumer preferences for durable and high-performance tires. Radial tires are preferred for their fuel efficiency, longer tread life, and better handling compared to bias-ply tires.
Total Trade Volume
USD 50.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Japan EPA)
Growing demand for eco-friendly tires
Increased production of low-rolling-resistance tires to meet fuel efficiency standards and environmental regulations, boosting trade in sustainable tire technologies.
2021-2023
Rise in electric vehicle (EV) adoption
Higher demand for specialized radial tires designed for EVs, which require enhanced durability and noise reduction, influencing trade patterns toward premium tire segments.
2022-2023
Supply chain disruptions due to geopolitical tensions
Trade flows affected by raw material shortages (e.g., natural rubber) and shipping delays, leading to regional shifts in sourcing and production hubs.
2020-2022
The United States renewed anti-dumping and countervailing duties on Chinese radial tires, citing unfair trade practices and market distortion.
March 2023
Expected to reduce Chinese tire imports to the US by 15-20%, redirecting demand to alternative suppliers like South Korea and Thailand.
The European Union introduced stricter regulations on tire rolling resistance and wet grip performance to align with carbon neutrality goals.
July 2022
Manufacturers are adapting production to comply, increasing costs but also creating opportunities for innovation-driven exporters.
Major tire companies such as Michelin and Bridgestone have expanded production facilities in Thailand and Vietnam to leverage lower costs and proximity to raw materials.
October 2022
Strengthens Southeast Asia's position as a key export hub, potentially reshaping global supply chains.