HS Code:
Servo-presses, classified under HS Code 8462.99, are advanced mechanical or hydraulic presses that utilize servo motor technology for precise control over force, speed, and position during metalworking processes. These machines are widely used in industries such as automotive, aerospace, and electronics for applications like stamping, forming, and assembly. Servo-presses are valued for their energy efficiency, reduced noise levels, and ability to perform complex operations with high accuracy compared to traditional mechanical presses.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing adoption of automation in manufacturing
Increased demand for servo-presses due to their compatibility with Industry 4.0 technologies and smart factories, driving market growth particularly in Asia-Pacific and Europe.
2021-2023
Shift towards energy-efficient machinery
Servo-presses are replacing traditional hydraulic and mechanical presses due to lower energy consumption, influencing trade patterns as manufacturers upgrade equipment.
2020-2022
Rising demand from the electric vehicle (EV) sector
Servo-presses are critical for producing lightweight components for EVs, boosting exports from major producers like Japan and Germany to automotive hubs.
2022-2023
The EU-Japan Economic Partnership Agreement has led to the elimination of tariffs on servo-presses, facilitating increased exports from Japan to EU member states.
February 2023
Strengthened trade ties and reduced costs for European manufacturers importing Japanese servo-presses, expected to increase trade volume by 10% annually.
Ongoing trade disputes have resulted in additional tariffs on Chinese-made servo-presses entering the US market, prompting US buyers to source from alternative suppliers like Japan and Germany.
June 2022
Shift in trade flows, with a 15% decrease in Chinese exports to the US and a corresponding rise in imports from other countries.
Leading manufacturers in Japan and Germany have introduced next-generation servo-presses with AI-driven predictive maintenance and enhanced precision capabilities.
October 2023
Increased competitive advantage for these countries, likely to sustain their dominance in the global market over the next 3-5 years.