HS Code:
The 'Threaded or Coupled' category, often classified under HS Code 7307.99 (for other tube or pipe fittings of iron or steel, threaded or coupled), includes various types of fittings used in piping systems for connecting pipes or tubes. These products are essential in industries such as oil and gas, construction, water supply, and manufacturing, where secure and durable connections are critical. The category covers a range of materials, primarily steel and iron, and includes products like threaded elbows, couplings, and unions designed for high-pressure and industrial applications.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 800 million
32% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Increasing
USD 200 million
8% of total trade of total trade
Stable
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within ASEAN)
Rising demand in oil and gas sector
Increased production and export from manufacturing hubs like China and South Korea due to global energy exploration projects.
2021-2022
Shift towards sustainable materials
Growing preference for corrosion-resistant and recyclable fittings, influencing production methods and costs.
2022
Automation in manufacturing
Adoption of automated production lines has reduced costs and improved precision, benefiting exporters like Germany and Italy.
2020-2022
The United States Department of Commerce imposed additional anti-dumping duties on threaded fittings from China to address unfair trade practices.
March 2023
This has led to a shift in market share towards other exporters like South Korea and Taiwan, while increasing costs for US importers.
The European Union's Green Deal policies are pushing manufacturers to adopt low-carbon production methods for steel fittings, including threaded or coupled categories.
January 2023
Higher compliance costs for manufacturers but potential long-term benefits in accessing the EU market with lower tariffs.
The Regional Comprehensive Economic Partnership (RCEP) has reduced tariffs on threaded fittings among member countries, boosting trade in the region.
November 2022
Increased export opportunities for China and South Korea within the Asia-Pacific region, potentially reshaping global supply chains.