HS Code:
The 'Suitable for Buildings' category, often classified under various HS Codes depending on specific products (e.g., HS Code 7308 for structures and parts of structures of iron or steel, or HS Code 7610 for aluminum structures), encompasses materials and components specifically designed for use in construction and building applications. This includes prefabricated buildings, structural frameworks, doors, windows, and other fittings made of metals, plastics, or other materials. These products are essential for residential, commercial, and industrial construction projects worldwide, driven by urbanization, infrastructure development, and population growth.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 12.5 billion
27.6% of total trade of total trade
Increasing
USD 6.8 billion
15.0% of total trade of total trade
Stable
USD 5.2 billion
11.5% of total trade of total trade
Increasing
USD 3.9 billion
8.6% of total trade of total trade
Stable
USD 2.7 billion
6.0% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
25% (imposed by certain countries on specific steel and aluminum products under trade protection measures)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for sustainable building materials
Increased trade in eco-friendly and energy-efficient products such as green steel and recyclable aluminum components, driven by global sustainability goals.
2021-2023
Growth in prefabricated construction
Boost in exports of modular and prefabricated building components, especially in regions with rapid urbanization like Asia-Pacific and the Middle East.
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays and cost increases in the trade of raw materials like steel and aluminum due to tariffs and export restrictions, affecting global construction timelines.
2022-2023
The European Union introduced a 25% tariff on certain steel building components from non-EU countries to protect domestic manufacturers, impacting trade flows from major exporters like China.
March 2023
Potential increase in costs for EU construction projects and redirection of trade to other regions.
The US Infrastructure Investment and Jobs Act has increased demand for building materials, leading to a surge in imports of structural components despite 'Buy American' preferences.
November 2021
Significant growth in trade volume for countries exporting to the US, though with stricter compliance requirements.
China announced policies to promote green construction, increasing exports of sustainable building materials and components to meet both domestic and international demand.
January 2023
Enhanced market opportunities for Chinese manufacturers in eco-friendly product segments.