HS Code:
The category 'With a maximum cross-sectional dimension of 3 mm or less' typically falls under specific HS Codes related to wires, rods, or similar products made of materials like steel, aluminum, or other metals (often under HS Chapters 72-76 or 78-83, depending on the material). This category includes fine wires used in industries such as electronics, construction, and manufacturing for applications like electrical wiring, fencing, or reinforcement. Due to the specific size constraint, these products are often high-value and require precision manufacturing. Global trade in this category is driven by industrial demand, technological advancements, and raw material availability.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12.5% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for fine wires in electronics
Increased trade volume due to growth in consumer electronics and electric vehicle industries requiring precision components.
2021-2022
Shift towards sustainable materials
Growing preference for recyclable or low-carbon footprint materials, influencing sourcing and production locations.
2020-2022
Supply chain disruptions
Delays and cost increases due to global logistics challenges and raw material shortages post-COVID-19.
2020-2021
The European Union introduced anti-dumping tariffs of up to 10.5% on fine steel wires from China to protect domestic producers.
March 2023
Potential shift in trade flows, with buyers exploring alternative suppliers in Southeast Asia or India.
The US Infrastructure Investment and Jobs Act has increased demand for fine wires used in construction and energy projects.
November 2021
Significant growth in imports and domestic production, particularly from allied trade partners.
New precision manufacturing technologies have reduced production costs for fine wires, benefiting exporters like Japan and Germany.
June 2022
Enhanced competitiveness of high-quality producers in the global market.