HS Code:
This category, often associated with small surface area products under HS Code (specific code to be determined based on context, e.g., certain electronics, components, or materials), refers to items with a surface area less than 38.7 cm². These products are typically used in industries such as electronics (e.g., microchips, small circuit boards), jewelry, or precision manufacturing. Due to their small size, they are often components of larger assemblies and are critical in high-tech and specialized applications. Global trade in this category is driven by demand for compact, high-value goods in technology-driven markets.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.3%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like USMCA or EU-Japan EPA)
Rising demand for miniaturized electronics
Increased trade volume due to growth in IoT devices, wearables, and smartphones requiring small components.
2021-2023
Supply chain diversification
Countries are shifting away from over-reliance on single suppliers (e.g., China) due to geopolitical tensions, leading to growth in trade from Southeast Asia.
2020-2022
Technological advancements in production
Automation and precision manufacturing have reduced costs, boosting export competitiveness of high-tech nations like South Korea and Japan.
2019-2023
The United States imposed additional tariffs on small electronic components from China as part of ongoing trade disputes, affecting the cost structure for importers.
March 2023
Increased costs for US-based manufacturers, prompting a shift toward alternative suppliers in Vietnam and Taiwan.
The European Union introduced stricter environmental standards for electronic components, including those with surface areas less than 38.7 cm², focusing on recyclability and hazardous material restrictions.
July 2023
Exporters to the EU must adapt to compliance costs, potentially reducing short-term trade volumes but encouraging sustainable production.
South Korea reported a 15% increase in exports of small surface area semiconductor components due to global demand for 5G and AI technologies.
September 2023
Strengthened South Korea's position as a leading exporter, likely to sustain upward trade trends in this category.