HS Code:
The category 'Toothed wheels, chain sprockets and other transmission elements presented separately; parts' (HS Code: 8483.90) encompasses components used in machinery for transmitting motion or torque. These include gears, gear wheels, sprockets, and other related parts that are critical in industries such as automotive, industrial machinery, and manufacturing. These components are often made of steel, alloy, or other durable materials and are essential for the smooth operation of mechanical systems.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Increased demand for precision gears in electric vehicles (EVs)
Drives growth in trade volume as automotive industry shifts towards EV production, particularly in Europe and China.
2021-2023
Automation in manufacturing boosting sprocket and gear demand
Rising adoption of industrial robots and automated machinery increases the need for high-quality transmission components.
2020-2022
Shift towards lightweight and composite materials
Manufacturers are innovating to reduce weight and improve efficiency, impacting traditional steel-based component trade.
2022-2023
The European Union introduced provisional anti-dumping duties on certain Chinese transmission components to protect domestic manufacturers.
March 2023
Likely to increase costs for EU importers and shift sourcing to other regions like Southeast Asia.
Negotiations between the US and China have led to a temporary reduction in tariffs on industrial components, including transmission elements.
January 2023
Expected to boost Chinese exports to the US in the short term.
Japan announced a significant investment in R&D for high-precision gears to cater to the growing robotics and EV markets.
June 2022
Strengthens Japan's position as a key exporter of premium transmission components.