HS Code:
The category 'With a clamp force equal to or greater than 750 tons' typically falls under HS Code 8477.10, which pertains to injection-molding machines for working rubber or plastics. These machines are critical in manufacturing industries for producing large-scale plastic and rubber components, such as automotive parts, industrial containers, and heavy-duty consumer goods. The high clamp force (≥750 tons) indicates their suitability for large, complex, or high-volume production processes, requiring significant power and precision. This category is a key segment in the global machinery market, driven by demand in automotive, packaging, and construction sectors.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$650 million USD
26% of total trade of total trade
Increasing
$500 million USD
20% of total trade of total trade
Stable
$450 million USD
18% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Stable
$250 million USD
10% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rising demand for sustainable manufacturing equipment
Increased investment in energy-efficient injection-molding machines with high clamp force to meet environmental regulations and reduce operational costs.
2021-2023
Growth in automotive and packaging industries
Higher demand for large-scale molding machines to produce lightweight, durable components for electric vehicles and eco-friendly packaging solutions.
2020-2022
Automation and Industry 4.0 integration
Adoption of smart manufacturing technologies in high-clamp-force machines, boosting precision and productivity while reducing labor costs.
2019-2023
The European Union introduced new energy efficiency regulations for industrial machinery, including injection-molding machines, requiring compliance with specific power consumption benchmarks.
January 2023
Non-compliant exporters may face restricted access to the EU market, pushing manufacturers to innovate and adapt to greener technologies.
Chinese manufacturers announced plans to scale up production of injection-molding machines with clamp forces above 750 tons to meet domestic and export demand, supported by government subsidies.
March 2022
Increased global competition, potentially lowering prices but raising concerns over quality and intellectual property among Western competitors.
Under the United States-Mexico-Canada Agreement, tariffs on industrial machinery, including high-clamp-force molding machines, were reduced or eliminated, boosting trade within the region.
July 2020 (ongoing impact in 2023)
Enhanced market access for U.S. and Canadian manufacturers in Mexico, fostering regional supply chain integration.