HS Code:
Wheel hub bearing units (HS Code: 8482.10) are critical automotive components that facilitate smooth wheel rotation and support vehicle weight. These units integrate bearings with a hub, often including sensors for anti-lock braking systems (ABS). They are essential for vehicle safety and performance, widely used in passenger cars, commercial vehicles, and motorcycles. The global trade of wheel hub bearing units is driven by the automotive industry's demand, particularly in regions with significant vehicle production and aftermarket repair markets.
Total Trade Volume
USD 8.5 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 2.1 billion
24.7% of total trade of total trade
Increasing
USD 1.5 billion
17.6% of total trade of total trade
Stable
USD 1.2 billion
14.1% of total trade of total trade
Stable
USD 900 million
10.6% of total trade of total trade
Increasing
USD 600 million
7.1% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for electric vehicles (EVs)
Increased need for lightweight and high-efficiency wheel hub bearing units to enhance EV range and performance
2021-2023
Growth in aftermarket segment
Aging vehicle fleets in North America and Europe drive demand for replacement parts, boosting trade in wheel hub bearing units
2020-2022
Shift towards integrated sensor technology
Manufacturers are focusing on hub units with built-in ABS and speed sensors, increasing unit costs but also trade value
2019-2023
The United States extended anti-dumping duties on certain Chinese wheel hub bearing units to counter unfair pricing practices.
March 2023
Increased costs for US importers, potentially shifting sourcing to other countries like South Korea or Mexico.
The European Union's Green Deal policies are pushing for stricter emission standards, driving innovation in lightweight bearing units for EVs.
January 2023
European manufacturers gain a competitive edge, potentially increasing intra-EU trade.
Ongoing global supply chain challenges, including raw material shortages and port delays, have affected the timely delivery of wheel hub bearing units.
Mid-2022
Temporary price increases and trade volume fluctuations, especially for Asian exporters.