HS Code:
The Safety pins and other pins category, classified under HS Code 7319, includes safety pins, straight pins, and other similar articles made of iron, steel, or other base metals. These products are primarily used in clothing, crafts, and various industrial applications. This category is a niche but essential segment of the global hardware and fasteners market, catering to both consumer and industrial needs. Trade in this category is influenced by manufacturing capabilities, raw material availability, and cost competitiveness in production.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database
$120 million USD
48% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Stable
$20 million USD
8% of total trade of total trade
Decreasing
$15 million USD
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards sustainable materials
Manufacturers are increasingly using recycled metals for safety pins, driven by consumer demand for eco-friendly products, which may increase production costs but improve marketability in developed regions.
2021-2023
Rising production costs in China
Increased labor and raw material costs in China are pushing some buyers to source from alternative low-cost countries like India and Vietnam, reshaping trade flows.
2020-2022
Growth in e-commerce demand
The rise of online retail platforms has boosted demand for safety pins in small, customizable batches for crafts and DIY markets, benefiting exporters with flexible production capabilities.
2019-2023
The European Union introduced anti-dumping duties ranging from 8-10% on safety pins and other pins imported from China to protect domestic manufacturers from unfairly priced imports.
March 2023
This has led to a slight decline in Chinese exports to the EU, with buyers exploring alternative suppliers in India and Turkey.
Under the United States-Mexico-Canada Agreement, tariff-free trade of safety pins and related products has increased intra-regional trade, particularly benefiting Mexican exporters to the US.
January 2022
Strengthened North American supply chains, reducing dependency on Asian imports for the US market.
Indian manufacturers have invested in automated production lines for safety pins, supported by government incentives under the 'Make in India' initiative, increasing export competitiveness.
September 2022
Indiaโs share in global trade for this category is expected to grow, challenging Chinaโs dominance in low-cost production.