HS Code:
Tin, not alloyed, under HS Code 8001, refers to unwrought tin that has not been mixed with other metals to form alloys. This category includes tin in forms such as ingots, bars, and other primary shapes, primarily used in industries like electronics for soldering, in plating, and in the production of various alloys like bronze. Tin is a critical material in modern manufacturing due to its corrosion resistance and low toxicity. Global trade in unalloyed tin is influenced by mining output, industrial demand, and geopolitical factors affecting key producing and consuming regions.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Tin Association (ITA)
$800 million USD
32% of global trade of total trade
Increasing
$500 million USD
20% of global trade of total trade
Stable
$400 million USD
16% of global trade of total trade
Increasing
$300 million USD
12% of global trade of total trade
Decreasing
$250 million USD
10% of global trade of total trade
Stable
Average Rate
3.5% ad valorem
Highest Rate
10% (applied by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like ASEAN and EU preferential tariffs)
Rising demand for tin in electronics
Increased trade volume due to tin's critical role in soldering for circuit boards and renewable energy technologies like solar panels.
2021-2023
Supply chain disruptions
Delays and price volatility caused by geopolitical tensions and COVID-19-related mining shutdowns in key regions like Southeast Asia.
2020-2022
Sustainability push
Growing emphasis on conflict-free and sustainably sourced tin, influencing trade policies and buyer preferences in Western markets.
2019-2023
Indonesia, the largest exporter of tin, introduced stricter export regulations to prioritize domestic processing and value addition, limiting raw tin exports.
January 2023
Global tin prices surged by 15% in Q1 2023, affecting manufacturers in importing countries while encouraging local refining industries in Indonesia.
The European Union classified tin as a critical raw material, leading to policies aimed at securing sustainable supply chains and reducing dependency on single-source imports.
March 2023
Increased trade negotiations with tin-producing countries and potential for higher import tariffs on non-compliant suppliers.
After a decline due to political instability, Peru's tin mining sector saw a recovery with new investments in infrastructure and technology.
Mid-2022
Boosted global supply by 8%, stabilizing prices and increasing Peruโs market share in Latin American exports.