HS Code:
The category 'With a diameter or cross section measuring less than 76 mm' typically falls under HS Code 7306, which includes tubes, pipes, and hollow profiles of iron or steel. This specific subcategory often pertains to smaller diameter pipes used in various applications such as construction, automotive, and industrial machinery. These products are critical components in infrastructure and manufacturing, with demand driven by urbanization, industrial growth, and energy sector needs.
Total Trade Volume
Approximately $15 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$4.5 billion USD
30% of total trade of total trade
Increasing
$2.1 billion USD
14% of total trade of total trade
Stable'stable
$1.8 billion USD
12% of total trade of total trade
Stable
$1.5 billion USD
10% of total trade of total trade
Increasing
$1.2 billion USD
8% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
25% (imposed by certain countries under anti-dumping measures)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in renewable energy sector
Increased use of small-diameter pipes in solar and wind energy infrastructure has boosted trade, particularly in Asia-Pacific and Europe.
2021-2022
Shift towards sustainable materials
Growing preference for eco-friendly and corrosion-resistant steel alloys, influencing production and trade patterns.
2020-2022
Supply chain disruptions
Post-pandemic logistics challenges and raw material shortages have led to price volatility and delays in trade flows.
2021-2023
The United States introduced a 25% tariff on certain steel pipe imports from specific countries to combat alleged dumping practices.
March 2023
Likely to reduce imports from targeted countries while increasing domestic production and imports from alternative sources.
The European Union has introduced stricter environmental standards for steel production, affecting the import of non-compliant products.
January 2023
Expected to shift trade towards suppliers with sustainable practices, potentially increasing costs.
China announced a massive infrastructure investment plan, increasing domestic demand and export capacity for small-diameter steel pipes.
June 2022
Likely to solidify Chinaโs position as the leading exporter while potentially causing oversupply in global markets.