HS Code:
This category, classified under HS Code for products with a cross-sectional area greater than or equal to 240 mm², typically includes heavy-duty electrical conductors, large structural steel sections, or similar industrial materials used in construction, energy transmission, and heavy machinery. These products are critical for infrastructure development and industrial applications globally.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for renewable energy infrastructure
Increased need for large cross-sectional conductors for wind and solar power transmission, boosting trade volumes by 12% annually
2021-2022
Shift towards sustainable production
Manufacturers adopting greener technologies to meet global emission standards, influencing cost structures and trade competitiveness
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade routes and pricing affected by conflicts and sanctions, leading to a 5% volatility in trade volumes
2022
The European Union introduced anti-dumping duties ranging from 8% to 12% on specific exporters of large cross-sectional steel products from China to protect domestic industries.
March 2023
Potential redirection of Chinese exports to other markets like Southeast Asia, increasing competition in those regions
The US government passed a $1.2 trillion infrastructure bill, allocating significant funds for energy grid modernization, driving demand for large conductors.
November 2021
Expected 15% increase in imports of related products over the next 5 years
China launched a policy to subsidize manufacturers adopting low-carbon production methods for heavy industrial materials.
January 2022
Enhanced competitiveness of Chinese exports in markets with strict environmental regulations