HS Code:
The category of used fuel, lubricating or cooling medium pumps designed for internal combustion piston engines, classified under HS Code subheadings 8413.30.10 and 8413.30.90, includes pumps critical for the operation of internal combustion engines. These pumps are essential for delivering fuel, oil, or coolant to ensure engine efficiency and longevity. They are widely used in automotive, industrial, and marine applications. Trade in this category involves both new and used pumps, with a focus on durability, compatibility with specific engine types, and compliance with environmental and safety standards.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for fuel-efficient and eco-friendly pumps
Increased R&D investments by manufacturers to develop pumps compatible with low-emission engines, boosting trade in advanced models.
2021-2022
Shift towards electric vehicles (EVs) impacting demand
Reduced demand for traditional internal combustion engine pumps in regions with high EV adoption, though offset by growth in hybrid vehicle markets.
2020-2022
Rising trade in used pumps due to cost considerations
Increased exports of refurbished pumps to developing economies where cost-effective solutions are prioritized over new equipment.
2019-2022
The European Union introduced new regulations in 2022 requiring all fuel and cooling pumps to meet stricter emission and efficiency standards, impacting exporters to the region.
July 2022
Non-compliant manufacturers face market access restrictions, pushing innovation but increasing production costs.
A bilateral agreement reduced tariffs on automotive components, including pumps for internal combustion engines, fostering greater trade between the two countries.
March 2022
Boosted exports from China to the US, with a reported 15% increase in trade volume for this category.
The ongoing semiconductor shortage has delayed production of advanced pumps with electronic controls, affecting trade volumes in key markets.
Throughout 2022
Temporary reduction in supply of high-end pumps, with a shift towards simpler, non-electronic models in some regions.