HS Code:
The category 'With 3 or more layers of conducting materials' typically falls under HS Code 8544.42 or related subcategories, which includes insulated electric conductors, cables, and other wiring products that have multiple layers of conducting materials. These products are essential in various industries, including telecommunications, automotive, aerospace, and energy, due to their enhanced conductivity, durability, and capacity to handle complex electrical requirements. They are often used in high-performance applications where standard single or double-layered conductors are insufficient.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for high-performance cables in renewable energy
Increased trade volume due to the global shift towards wind and solar energy infrastructure requiring advanced conductors
2021-2023
Growth in electric vehicle (EV) production
Significant boost in demand for multi-layered conductors used in EV battery systems and charging infrastructure
2020-2023
Technological advancements in telecommunications (5G rollout)
Higher exports of specialized cables for 5G networks, especially from tech hubs like China and South Korea
2019-2023
The European Union introduced a provisional anti-dumping duty of up to 12% on multi-layered conductors from China to protect domestic manufacturers.
March 2023
Potential shift in market share towards European producers, though costs for end-users may rise in the short term.
Under the updated USMCA trade agreement, tariffs on multi-layered conductors between the US, Mexico, and Canada were reduced to 0%, boosting regional trade.
January 2023
Increased trade volume within North America, with Mexico emerging as a key supplier for the US market.
A Japanese firm announced a new lightweight, multi-layered conductor design that reduces material costs by 20% while maintaining performance, gaining traction in aerospace applications.
June 2023
Likely to drive export growth from Japan and influence global pricing trends over the next few years.