HS Code:
Twist drills, classified under HS Code 8207.50, are cutting tools used for drilling holes in various materials such as metal, wood, and plastic. They are essential in industries like construction, manufacturing, automotive, and aerospace. Twist drills are characterized by their spiral flutes that facilitate the removal of material during drilling. This category includes drills made of high-speed steel (HSS), cobalt, and carbide, catering to different levels of precision and durability requirements. The global trade of twist drills reflects the demand for industrial tools driven by infrastructure development and manufacturing activities worldwide.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 800 million
32% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Stable
USD 150 million
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards carbide and coated drills
Increased demand for high-performance drills in precision industries like aerospace and automotive, driving up trade value.
2021-2022
Automation in manufacturing
Rising adoption of CNC machines boosts demand for specialized twist drills, influencing export patterns from tech-advanced countries like Germany and Japan.
2020-2022
Sustainability focus
Growing preference for eco-friendly production methods and recyclable materials, affecting supplier selection in global trade.
2022
The European Union introduced provisional anti-dumping duties ranging from 5% to 12% on twist drills imported from China to protect domestic manufacturers from unfair pricing practices.
March 2023
Likely to shift some market share to other exporters like South Korea and India, while increasing costs for EU importers.
The US Infrastructure Investment and Jobs Act has spurred demand for industrial tools, including twist drills, as construction and manufacturing activities ramp up.
November 2021
Increased imports from key suppliers like China and Germany, with a projected 8% rise in trade volume over the next two years.
Major manufacturers in Japan and Germany have introduced new titanium and diamond-like carbon (DLC) coatings for twist drills, enhancing durability and performance.
June 2022
Expected to drive demand for high-end drills, particularly in precision industries, reinforcing market positions of these countries.