HS Code:
The 'Threaded' category under the Harmonized System (HS) Code typically refers to products such as threaded articles, including screws, bolts, nuts, and other fasteners made of metal. These products are essential components in various industries, including construction, automotive, machinery, and electronics, due to their role in assembling and securing parts. The category is critical for global supply chains, as these items are often small but indispensable for manufacturing and infrastructure projects.
Total Trade Volume
USD 50 billion
Data from 2022
Source
United Nations Comtrade Database
USD 15 billion
30% of total trade of total trade
Increasing
USD 8 billion
16% of total trade of total trade
Stable
USD 6 billion
12% of total trade of total trade
Increasing
USD 5 billion
10% of total trade of total trade
Stable
USD 4 billion
8% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for high-strength fasteners in renewable energy projects
Increased trade volume in threaded products for wind turbines and solar panel installations, particularly in Europe and North America
2021-2022
Shift towards automation and precision manufacturing
Growing need for specialized threaded components in robotics and automotive sectors, boosting exports from technologically advanced countries like Japan and Germany
2020-2022
Supply chain disruptions due to geopolitical tensions
Delays and increased costs in the threaded category due to trade wars and sanctions, prompting diversification of supply chains away from single-country dependency
2019-2022
The European Union extended anti-dumping duties on certain threaded fasteners from China to prevent market distortion and protect local manufacturers.
February 2023
Increased costs for importers in the EU, potential shift in sourcing to other countries like Taiwan or Vietnam.
The United States-Mexico-Canada Agreement (USMCA) has led to reduced tariffs on threaded products within North America, encouraging intra-regional trade.
July 2022
Boost in exports from Mexico to the US and Canada, strengthening North American supply chains.
Several countries have introduced stricter environmental regulations for metal production, affecting the threaded products industry with higher compliance costs.
October 2022
Potential price increases in the short term, but long-term benefits from innovation in eco-friendly manufacturing processes.