HS Code:
The category of wheels having a diameter of at least 57 cm but not more than 63 cm (likely falling under HS Code 8708.70 or a related subheading for vehicle wheels and parts) includes wheels primarily used for specific types of vehicles, such as certain passenger cars, light trucks, or agricultural machinery. These wheels are critical components in the automotive and industrial sectors, designed to meet specific load-bearing and performance requirements. Global trade in this category is influenced by automotive production hubs, raw material availability, and regional manufacturing costs.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
UN Comtrade Database and International Trade Centre (ITC)
$350 million USD
29.2% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$180 million USD
15.0% of total trade of total trade
Increasing
$120 million USD
10.0% of total trade of total trade
Stable
$90 million USD
7.5% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA or USMCA)
Shift towards lightweight materials
Increased demand for aluminum and alloy wheels in this size range to improve fuel efficiency in vehicles, driving innovation and higher production costs.
2021-2023
Growth in electric vehicle (EV) market
Rising EV production has boosted demand for specialized wheels in this diameter range, particularly for compact and mid-size electric models.
2022-2023
Supply chain disruptions
Global shortages of raw materials (e.g., steel and aluminum) and logistical challenges have led to price volatility and delayed deliveries.
2021-2022
The United States extended anti-dumping duties on certain wheel categories from China, citing unfair trade practices and market distortion.
March 2023
Increased costs for US importers, potential shift of supply chains to other countries like Vietnam or India.
New EU regulations under the Green Deal mandate stricter environmental standards for wheel manufacturing, focusing on carbon footprint reduction.
July 2023
Higher compliance costs for manufacturers but potential long-term benefits through access to the EU market.
Several leading manufacturers introduced smart wheels with integrated sensors for this size category, targeting the autonomous and electric vehicle sectors.
September 2022
Increased market differentiation and higher value addition, potentially raising average export prices.