HS Code:
The 'Weighing less than 50 kg each' category typically includes a range of products such as portable machinery, equipment, or consumer goods under HS codes that specify weight limits. This category often encompasses items like small household appliances, personal electronics, or lightweight industrial tools. These products are significant in global trade due to their widespread use in both consumer and industrial markets, with high demand driven by e-commerce and technological advancements.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for portable consumer electronics
Increased trade volume due to growth in e-commerce and remote work setups driving demand for lightweight devices.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials, influencing supply chains and slightly increasing costs.
2022
Automation in lightweight machinery
Growing integration of smart technologies in products under 50 kg, boosting exports from tech-heavy economies like South Korea and Japan.
2020-2022
The European Union introduced stricter safety standards for electronic products under 50 kg, requiring additional certifications.
March 2023
Potential delays in exports to the EU market and increased compliance costs for manufacturers.
Recent negotiations reduced tariffs on specific lightweight machinery, easing trade tensions temporarily.
July 2023
Expected increase in trade volume between the two countries for this category.
Ongoing disruptions due to geopolitical tensions and port congestion have affected the timely delivery of products in this category.
October 2023
Higher shipping costs and delays impacting market availability and pricing.