HS Code:
The 'Separately' category under the Harmonized System (HS) Code typically refers to products or components that are traded individually rather than as part of a larger assembly or set. This category can include a wide range of goods, such as machinery parts, electronic components, or other standalone items not classified under broader assemblies. Due to the diverse nature of this category, it often serves niche markets or specific industrial needs, with trade patterns influenced by global manufacturing hubs, technological advancements, and supply chain dynamics.
Total Trade Volume
USD 150 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for specialized components
Increased trade volume due to growth in industries like electronics and automotive manufacturing
2021-2022
Shift towards sustainable materials
Manufacturers are adapting to eco-friendly components, influencing supply chain preferences
2022
Supply chain disruptions
Delays and cost increases due to geopolitical tensions and post-pandemic recovery challenges
2020-2022
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on separately traded components among member countries, boosting trade in this category.
January 1, 2022
Expected to increase trade volume by 15% in the region over the next five years.
Recent negotiations have led to a partial rollback of tariffs on specific separately traded goods, easing tensions in bilateral trade.
March 15, 2023
Likely to stabilize prices and improve market access for manufacturers.
The European Union introduced stricter environmental compliance rules for imported components, affecting trade in the 'Separately' category.
July 1, 2023
May increase costs for non-compliant exporters but encourages sustainable production practices.