HS Code:
Tanker trailers and tanker semi-trailers (HS Code: 871631) are specialized vehicles designed for the transportation of liquids, gases, or bulk materials such as petroleum, chemicals, water, or food-grade liquids. These trailers are critical in industries like oil and gas, agriculture, and food processing. They are typically attached to a tractor unit or truck for mobility and are engineered to meet stringent safety and regulatory standards due to the hazardous or sensitive nature of the cargo they carry. Global trade in this category is influenced by industrial demand, energy sector dynamics, and infrastructure development.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 180 million
15% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for LNG and chemical transport
Increased production and trade of specialized cryogenic tanker trailers to support the growing liquefied natural gas (LNG) market and chemical industries, particularly in Asia-Pacific and Middle East regions.
2021-2023
Shift towards lightweight materials
Manufacturers are adopting aluminum and composite materials to reduce weight, improve fuel efficiency, and meet stricter emission regulations, driving innovation in the sector.
2020-2022
Growth in e-commerce and food delivery
Increased need for food-grade tanker trailers to transport liquids like milk, edible oils, and beverages due to rising online grocery and food delivery services.
2021-2023
The European Union introduced stricter CO2 emission regulations for heavy-duty vehicles, including tanker trailers, pushing manufacturers to invest in eco-friendly designs and alternative fuel compatibility.
January 2023
Increased production costs for manufacturers but potential long-term market growth in sustainable transport solutions.
A bilateral agreement reduced tariffs on industrial equipment, including tanker trailers, between the US and China, fostering greater market access for manufacturers in both countries.
March 2022
Boosted trade volumes by approximately 10% between the two nations in this category.
Turkey invested in expanding its tanker trailer manufacturing facilities, aiming to become a regional hub for exports to Europe and the Middle East.
July 2022
Strengthened Turkey's position in the global market, contributing to a 15% increase in export volume.