HS Code:
The Simplex category, often associated with specific machinery or textile products under the Harmonized System (HS) Code, refers to a niche segment of industrial or manufacturing goods. This category typically includes specialized equipment or components used in industrial processes, such as simplex machines for textile production or related accessories. These products are critical in specific manufacturing sectors, particularly in developing economies with strong textile industries. Due to the specialized nature of these products, trade is often driven by industrial demand and technological advancements in manufacturing hubs.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA for specific partners)
Increased demand for automation in textile manufacturing
Rising imports of simplex machinery in emerging economies with growing textile sectors
2021-2022
Shift towards sustainable production technologies
Growing preference for energy-efficient simplex machines, impacting trade patterns towards eco-friendly equipment manufacturers
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays in exports from major producers like China, leading to temporary price hikes and sourcing shifts to alternative suppliers
2022
The European Union announced a reduction in tariffs on industrial machinery, including simplex category products, to boost imports and support manufacturing sectors post-pandemic.
March 2023
Expected to increase trade volume from major exporters like China and Germany by 10-15% in the EU market.
India introduced higher import duties and incentives for local production of textile machinery under the 'Make in India' initiative, affecting the simplex category.
January 2023
Likely to reduce imports in the short term while encouraging domestic production, impacting global exporters.
Leading manufacturers in Germany and Italy unveiled new models of simplex machines with AI integration for predictive maintenance and efficiency.
September 2022
Expected to drive demand in high-tech markets, potentially increasing export values for premium products.