HS Code:
The 'Weighing one kg or more (669)' category, often associated with specific industrial or commercial weighing machinery under HS Code 8423, includes equipment such as industrial scales, platform scales, and other heavy-duty weighing devices used in trade, logistics, and manufacturing. These products are critical for accurate measurement in various industries including agriculture, shipping, and retail. This category excludes personal or household scales, focusing instead on machinery designed for higher capacity and precision in commercial environments.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Increasing demand for digital and IoT-enabled weighing systems
Drives innovation and shifts market preference toward smart scales with connectivity features, increasing export potential for tech-savvy manufacturers
2021-2022
Growth in e-commerce and logistics sectors
Boosts demand for high-capacity weighing machinery in warehouses and shipping hubs, particularly in Asia-Pacific and North America
2020-2022
Rising raw material costs
Increases production costs for manufacturers, potentially raising prices and affecting trade competitiveness in price-sensitive markets
2022
The European Union introduced updated safety and accuracy standards for industrial weighing machinery, requiring compliance with new calibration and electronic safety norms.
June 2023
May increase production costs for exporters to the EU but ensures higher product reliability, potentially benefiting established manufacturers.
A revised trade agreement reduced tariffs on certain industrial equipment, including weighing machinery, from 7.5% to 4%, fostering increased bilateral trade.
March 2023
Encourages higher export volumes from China to the US, potentially shifting market share dynamics.
Major manufacturers in Japan and South Korea unveiled new lines of IoT-integrated weighing systems, targeting logistics and retail sectors.
September 2023
Strengthens the competitive edge of these countries in high-tech weighing solutions, potentially increasing their market share.