HS Code:
The category 'With a maximum cross-sectional dimension over 9.5 mm' typically falls under HS Code classifications related to specific metal products, such as wire, rods, or bars (e.g., HS Code 7213 or 7227 for steel products). This category includes products used in construction, manufacturing, and industrial applications, characterized by their larger cross-sectional dimensions. These products are critical in infrastructure development and heavy machinery production, with trade influenced by global industrial demand, raw material availability, and geopolitical factors.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable steel production
Increased trade in eco-friendly steel products with larger dimensions for renewable energy projects like wind turbines.
2021-2022
Shift towards Asia-Pacific manufacturing hubs
Higher export volumes from China and South Korea due to cost advantages and proximity to emerging markets.
2020-2022
Impact of global supply chain disruptions
Price volatility and delayed shipments affecting trade volumes, particularly in North America and Europe.
2021-2022
The United States adjusted its Section 232 tariffs on steel imports, replacing some tariffs with tariff-rate quotas for key allies like the EU and Japan.
January 2022
Increased imports from Europe and Japan, stabilizing supply for US manufacturers using products over 9.5 mm in dimension.
China reduced export tax rebates on certain steel products to curb overproduction and focus on domestic green initiatives.
May 2021
Slight reduction in export volumes from China, creating opportunities for other exporters like South Korea and Germany.
The EU introduced CBAM to impose carbon taxes on high-emission imports like steel, affecting products in this category.
October 2023 (proposed implementation)
Potential cost increase for non-EU exporters, pushing for greener production methods to remain competitive.