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📦 Road wheels

Road wheels

HS Code:

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Overview

The Road Wheels category, classified under HS Code 870870, includes wheels and their parts and accessories used primarily for motor vehicles. This category encompasses a range of products such as steel and aluminum wheels, rims, and hubcaps, catering to passenger cars, trucks, and other vehicles. Road wheels are critical components for vehicle safety, performance, and aesthetics, and the global trade in this category is driven by the automotive industry's demand for both original equipment manufacturing (OEM) and aftermarket products.

Total Trade Volume

USD 15.2 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

6.5%

Highest Rate

25% (imposed by certain developing countries to protect local industries)

Lowest Rate

0% (under free trade agreements such as EU Single Market or USMCA)

Common Restrictions

  • Import quotas in specific markets to control supply
  • Anti-dumping duties, particularly against Chinese exports
  • Safety and quality certification requirements
  • Environmental compliance standards for production processes

Market Trends

Shift towards lightweight aluminum wheels

Increased demand for aluminum wheels due to fuel efficiency and emission reduction goals in the automotive sector.

2020-2022

Growth in electric vehicle (EV) market

Rising demand for specialized road wheels designed for EVs, which require different weight and durability specifications.

2021-2023

Automation in manufacturing

Adoption of advanced manufacturing technologies has reduced production costs, impacting trade competitiveness of major exporters.

2019-2022

Recent Developments

US Imposes Anti-Dumping Duties on Chinese Wheels

The United States imposed additional tariffs on Chinese road wheels citing unfair trade practices and dumping, affecting the import volume from China.

March 2023

Potential shift in market share towards other exporters like South Korea and Japan.

EU Green Deal Impact on Wheel Production

The European Union's Green Deal has introduced stricter environmental regulations for automotive components, pushing manufacturers to adopt sustainable practices.

January 2023

Increased production costs for non-compliant manufacturers and a competitive edge for eco-friendly producers.

New Free Trade Agreement in Asia-Pacific

The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on road wheels among member countries, boosting intra-regional trade.

November 2022

Enhanced market access for countries like China, Japan, and South Korea within the Asia-Pacific region.