HS Code:
The Rotors or Spindles and Rotor or Spindle Assemblies category (commonly associated with HS Code 8483.10 or related subcategories under 8483 for transmission shafts and components) includes critical mechanical components used in various machinery, such as motors, turbines, automotive engines, and industrial equipment. These components are essential for the transmission of power and rotational movement in mechanical systems. This category encompasses a wide range of products, from small precision spindles used in CNC machines to large rotors for wind turbines and industrial applications. The global trade of these products is driven by demand in automotive, aerospace, energy, and manufacturing sectors.
Total Trade Volume
Approximately $15.3 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$3.2 billion USD
20.9% of total trade of total trade
Increasing
$2.8 billion USD
18.3% of total trade of total trade
Stable
$2.5 billion USD
16.3% of total trade of total trade
Increasing
$1.9 billion USD
12.4% of total trade of total trade
Stable
$1.1 billion USD
7.2% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or within the EU)
Growing demand for renewable energy components
Increased trade in rotors for wind turbines, particularly in Europe and China, driven by global sustainability goals.
2021-2023
Shift towards automation and precision manufacturing
Rising exports of high-precision spindles for CNC machines and robotics, especially from Germany and Japan.
2020-2022
Supply chain diversification
Manufacturers are seeking alternative suppliers outside China due to geopolitical tensions and pandemic-related disruptions, boosting trade from countries like Vietnam and India.
2021-2023
The European Union introduced provisional anti-dumping duties ranging from 8% to 12% on specific rotor and spindle assemblies from China to protect domestic manufacturers.
March 2023
Expected to increase costs for EU importers and potentially shift trade flows towards other Asian suppliers like Taiwan or South Korea.
The United States-Mexico-Canada Agreement (USMCA) has led to reduced tariffs on rotor assemblies within North America, boosting trade among member countries.
July 2022
Increased exports from Mexico to the US, strengthening regional supply chains in the automotive sector.
Major manufacturers in Germany and China announced significant investments in rotor production for wind turbines as part of global renewable energy initiatives.
September 2023
Likely to drive up export volumes from these countries in the coming years, especially to markets with ambitious green energy targets.