HS Code:
The category 'Sheets, strip and foil of a thickness (excluding any backing) not exceeding 0.2 mm' typically falls under HS Code 7607 for aluminum foil and similar thin metal products. This category includes thin sheets, strips, and foils made of aluminum or other metals, used extensively in packaging (e.g., food and pharmaceutical industries), insulation, and industrial applications. These products are critical in industries requiring lightweight, flexible, and corrosion-resistant materials. Global trade in this category is driven by demand for sustainable packaging solutions and advancements in manufacturing technologies.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade of total trade
Increasing
USD 1.8 billion
14.4% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.1 billion
8.8% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for sustainable packaging
Rising preference for aluminum foil due to recyclability and lower carbon footprint compared to plastic alternatives, boosting trade volumes by 8% annually.
2021-2022
Technological advancements in foil production
Innovations in ultra-thin foil manufacturing have reduced costs and expanded applications in electronics and battery industries, driving export growth in Asia-Pacific.
2020-2022
Supply chain disruptions
Global shipping delays and raw material shortages (e.g., bauxite for aluminum) have caused price volatility, affecting trade flows in key markets.
2021-2022
The United States Department of Commerce finalized anti-dumping duties ranging from 18% to 48% on aluminum foil imports from China to address unfair trade practices.
March 2023
This is expected to reduce Chinese foil imports to the US by 20%, redirecting trade flows to other suppliers like South Korea and Germany.
The European Union introduced stricter regulations under the Green Deal to promote recyclable materials like aluminum foil in packaging, with incentives for manufacturers.
July 2023
This policy is projected to increase demand for thin aluminum sheets and foils in the EU by 15% over the next five years.
China announced investments in new production facilities to meet growing domestic and international demand, focusing on high-quality ultra-thin foils for tech applications.
September 2023
This could further solidify China’s dominance in global trade, potentially intensifying trade disputes and tariff actions.