HS Code:
Vibration control goods of a kind used in vehicles of headings 8701 through 8705 (HS Code: 8708.80) include components such as shock absorbers, dampers, and other suspension parts designed to mitigate vibrations and enhance vehicle stability and comfort. These products are critical for the automotive industry, ensuring safety, performance, and durability of vehicles ranging from passenger cars to heavy-duty trucks. They play a key role in maintaining ride quality and protecting vehicle components from wear due to vibrations.
Total Trade Volume
USD 15.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.1 billion
20.4% of total trade of total trade
Increasing
USD 2.8 billion
18.4% of total trade of total trade
Stable
USD 2.2 billion
14.5% of total trade of total trade
Increasing
USD 1.9 billion
12.5% of total trade of total trade
Increasing
USD 1.3 billion
8.6% of total trade of total trade
Stable
Average Rate
4.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for electric vehicles (EVs)
Increased need for specialized vibration control systems tailored for EV designs, as electric motors produce different vibration patterns compared to internal combustion engines.
2022
Adoption of advanced materials
Manufacturers are increasingly using lightweight composites and smart materials in vibration control goods to improve fuel efficiency and performance, driving innovation in the sector.
2021-2022
Growth in aftermarket sales
Aging vehicle fleets in developed markets have boosted demand for replacement vibration control components, creating a robust aftermarket segment.
2020-2022
The European Union introduced updated emission and safety standards for automotive components, including vibration control goods, to promote sustainability and safety.
July 2023
Manufacturers may face higher compliance costs but could benefit from long-term market access and brand credibility in the EU.
A new phase of the US-China trade agreement reduced tariffs on automotive parts, including vibration control goods, fostering increased trade between the two nations.
March 2023
This development is expected to boost exports from China to the US, potentially lowering costs for American manufacturers and consumers.
A leading Japanese automotive supplier unveiled a new line of adaptive dampers that adjust to road conditions in real-time, gaining traction among premium vehicle manufacturers.
September 2023
This innovation could drive demand for high-end vibration control goods, particularly in the luxury and performance vehicle segments.