HS Code:
This category pertains to injection molding machines with a clamp force equal to or greater than 50 tons but less than 300 tons, typically classified under HS Code 8477.10. These machines are used in the manufacturing sector for producing plastic products through injection molding processes. They are critical in industries such as automotive, packaging, and consumer goods for creating components with precision and efficiency. The clamp force range of 50-300 tons is ideal for medium-sized parts, balancing power and versatility, making these machines popular among small to medium enterprises (SMEs) and larger manufacturers alike.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Shift towards energy-efficient machines
Increased demand for electric and hybrid injection molding machines due to rising energy costs and environmental regulations, driving innovation in the 50-300 ton segment.
2021-2022
Growth in automotive lightweighting
Rising use of plastic components to reduce vehicle weight has boosted demand for mid-range clamp force machines, particularly in emerging markets.
2020-2022
Automation and Industry 4.0 integration
Manufacturers are increasingly seeking machines with smart features and IoT connectivity, influencing trade patterns towards high-tech exporters like Germany and Japan.
2019-2022
The European Union introduced stricter energy efficiency standards for imported injection molding machines, requiring compliance with specific consumption benchmarks.
March 2023
This may increase costs for non-compliant exporters, particularly from regions with less stringent standards, while benefiting European manufacturers.
China rolled out tax rebates and subsidies for machinery exports, including injection molding machines, to boost competitiveness in global markets.
January 2023
This has led to a surge in Chinese exports, potentially intensifying price competition and prompting anti-dumping investigations in other countries.
Under the United States-Mexico-Canada Agreement, tariffs on industrial machinery, including injection molding machines, were reduced for member countries.
July 2022
Trade volume within North America has increased, with the U.S. importing more machines from Mexico at lower costs.