HS Code:
The category 'With a diameter of less than 14 mm' typically falls under specific HS codes related to products such as wires, cables, or certain types of fasteners, tubes, or pipes made of metal, plastic, or other materials. This category is critical in industries like construction, automotive, and electronics, where small-diameter components are essential for manufacturing and assembly. Due to the specialized nature of these products, trade patterns are influenced by industrial demand, raw material availability, and manufacturing capabilities of different countries.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy sector
Increased need for small-diameter wires and tubes in solar panel and wind turbine manufacturing has boosted trade, especially from countries with advanced manufacturing like China and Germany.
2021-2022
Shift towards lightweight materials
Growing preference for aluminum and composite materials over traditional steel for small-diameter products is reshaping supply chains, favoring countries with advanced material technology.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade restrictions and sanctions have led to fluctuating supply from major exporters, prompting importers to diversify sourcing to countries like South Korea and Japan.
2022
The European Union introduced anti-dumping duties ranging from 8-10% on small-diameter wire products from China to protect domestic manufacturers.
March 2023
This has led to a potential shift in market share towards European producers like Germany, while increasing costs for EU importers.
A new phase of trade negotiations between the US and China includes discussions on reducing tariffs for industrial components, including small-diameter products.
January 2023
If successful, this could lower costs for US manufacturers and increase import volumes from China.
Japanese companies have introduced new manufacturing techniques for high-precision small-diameter tubes, enhancing quality and durability for automotive applications.
June 2022
This positions Japan as a premium supplier, potentially increasing its market share despite higher prices.