HS Code:
Tracklinks for track-laying tractors, classified under HS Code 8431.49, are critical components used in the undercarriage of track-laying tractors, commonly employed in construction, agriculture, and mining industries. These components form the chain that allows tracked vehicles to move over rough terrain, providing durability and traction. The global trade of tracklinks is driven by demand for heavy machinery in infrastructure development and industrial activities, particularly in emerging economies. Trade patterns are influenced by manufacturing hubs, raw material availability, and regional demand for construction equipment.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
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-USMCA or ASEAN)
Rising demand in Asia-Pacific due to infrastructure projects
Increased exports from China and South Korea to meet demand for affordable tracklinks in countries like India and Indonesia
2021-2023
Shift towards sustainable materials
Manufacturers are adopting eco-friendly production methods and recyclable materials, influencing trade preferences in EU markets
2022
Technological advancements in durability
Innovations in heat-treated steel and wear-resistant coatings are increasing product lifespan, affecting replacement cycles and long-term trade volumes
2020-2023
The United States Department of Commerce imposed anti-dumping duties of up to 8% on Chinese tracklink manufacturers, citing unfair pricing practices.
March 2023
Potential shift in US imports towards Italian and Japanese suppliers, increasing costs for US buyers in the short term.
The European Union introduced stricter environmental regulations under the Green Deal, mandating lower carbon footprints for heavy machinery components like tracklinks.
July 2022
Manufacturers in the EU and exporters to the EU are investing in greener technologies, potentially raising production costs but improving market access.
China's ongoing Belt and Road Initiative has spurred demand for track-laying tractors and components in participating countries across Asia and Africa.
Ongoing since 2019
Significant growth in Chinese exports of tracklinks, strengthening China's position as the leading global supplier.