HS Code:
Tin alloys (HS Code: 8002) encompass a range of materials where tin is the primary component, often alloyed with metals like copper, antimony, or lead to enhance properties such as strength, corrosion resistance, and malleability. These alloys are widely used in industries including electronics (for soldering), automotive (for bearings), and manufacturing (for coatings and components). Global trade in tin alloys is influenced by industrial demand, raw material availability, and regional production capabilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Singapore FTA)
Rising demand for lead-free solders in electronics
Increased trade in tin-based alloys as manufacturers shift to eco-friendly alternatives, particularly in the EU and North America
2021-2023
Volatility in raw tin prices
Fluctuations in tin alloy export prices due to supply chain disruptions and geopolitical tensions in key producing regions
2022
Growth in renewable energy applications
Tin alloys used in energy storage systems (e.g., batteries) are seeing higher demand, boosting trade in specialized alloys
2023
Indonesia, a leading tin producer, introduced stricter export controls to encourage domestic processing of tin into alloys before export.
January 2023
Potential reduction in raw tin supply for alloy producers in other countries, increasing prices and shifting trade patterns
The European Union introduced regulations requiring traceability and sustainable sourcing for tin alloys to combat environmental degradation.
July 2023
Exporters from non-compliant regions may face restricted market access, while compliant producers gain competitive advantage
Negotiations between the US and China included discussions on reducing tariffs on tin alloys to stabilize supply chains for electronics manufacturing.
March 2023
Possible increase in bilateral trade volume if agreement is finalized, benefiting US importers and Chinese exporters