HS Code:
Transcribing machines, classified under HS Code 8472.90, encompass devices used for converting speech into written text, including dictation machines and other transcription equipment. These machines are widely used in offices, legal settings, and medical environments for documentation and record-keeping purposes. The category excludes personal computers and smartphones with transcription software, focusing primarily on dedicated hardware.
Total Trade Volume
USD 150 million
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)
Shift towards software-based solutions
Decreasing demand for dedicated transcribing hardware as cloud-based and app-based transcription services grow, impacting traditional manufacturers.
2021-2022
Integration of AI in devices
Increasing incorporation of artificial intelligence in transcribing machines, enhancing accuracy and driving demand for high-end models in professional sectors.
2022
Rising demand in medical and legal sectors
Growing need for accurate transcription in healthcare for patient records and in legal proceedings for documentation, sustaining niche demand.
2020-2022
The European Union introduced stricter regulations on the energy efficiency and safety standards of electronic office equipment, including transcribing machines.
March 2023
Manufacturers exporting to the EU must adapt to compliance requirements, potentially increasing production costs but ensuring market access.
A revised trade agreement reduced tariffs on certain electronic goods, including transcribing machines, between the US and China.
January 2023
This has boosted Chinese exports to the US, intensifying competition for domestic manufacturers but benefiting consumers with lower prices.
A leading Japanese manufacturer released a new line of transcribing machines with advanced voice recognition capable of handling multiple languages and accents.
September 2022
This innovation is expected to revive interest in hardware solutions, particularly in multilingual markets, though it may not reverse the broader shift to software.