HS Code:
Side frames, typically classified under HS Code 8708.29 (parts and accessories of motor vehicles), refer to structural components used in the assembly of vehicle bodies. These components are critical for providing support and stability to the vehicle's chassis and are widely traded globally due to the expansive automotive industry. This category includes side frames for passenger cars, commercial vehicles, and other automotive applications, manufactured from materials like steel, aluminum, and composites to meet safety and performance standards.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
22.4% of total trade of total trade
Increasing
USD 2.1 billion
16.8% of total trade of total trade
Stable
USD 1.9 billion
15.2% of total trade of total trade
Increasing
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 0.9 billion
7.2% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Shift towards lightweight materials
Increased use of aluminum and composite materials in side frames to improve fuel efficiency and meet emission standards, driving demand for advanced manufacturing technologies.
2021-2022
Growth in electric vehicle (EV) production
Rising demand for customized side frames designed for EV chassis, leading to new market opportunities for manufacturers.
2022
Supply chain disruptions
Global semiconductor shortages and raw material constraints have slowed production and trade of automotive components, including side frames.
2021-2022
The European Union introduced anti-dumping duties ranging from 10-20% on side frames imported from China, citing unfair pricing practices by certain manufacturers.
March 2023
Potential increase in costs for European automakers reliant on Chinese imports, with a possible shift towards domestic or alternative suppliers.
The United States-Mexico-Canada Agreement has reduced tariffs on automotive parts, including side frames, fostering greater regional trade integration.
July 2022
Increased trade volume among the US, Mexico, and Canada, benefiting manufacturers with reduced costs and streamlined supply chains.
Major Japanese automakers announced investments in R&D for lightweight side frames to support hybrid and electric vehicle production.
September 2023
Likely to strengthen Japan's position as a leader in high-quality side frame exports, with a focus on sustainability and innovation.