HS Code:
The category 'With a net engine power of 194 kW or more but less than 257.4 kW' typically pertains to machinery or vehicles, such as agricultural or construction equipment (e.g., tractors, bulldozers) under HS Code 8701 or similar categories. This power range is often associated with medium to heavy-duty equipment used in industrial, agricultural, or infrastructural applications. Products in this category are critical for large-scale operations, balancing power and efficiency for specific operational needs.
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 economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards sustainable machinery
Increased demand for equipment with lower emissions and hybrid technology, pushing manufacturers to innovate.
2021-2022
Growth in infrastructure projects
Rising demand in developing countries for heavy machinery due to urbanization and government-led projects.
2020-2022
Supply chain disruptions
Delays in production and delivery due to semiconductor shortages and geopolitical tensions.
2021-2023
The European Union introduced stricter emission standards for machinery in this power range, requiring manufacturers to adopt cleaner technologies.
January 2023
Increased production costs for compliance, potentially raising prices but improving environmental outcomes.
Negotiations have led to reduced tariffs on industrial machinery, including this category, to boost bilateral trade.
March 2023
Expected increase in exports from China to the US, benefiting Chinese manufacturers.
Ongoing shortages have delayed production of advanced machinery with electronic components in this power range.
October 2022
Reduced supply and increased lead times for end-users, particularly in construction and agriculture.