HS Code:
The category 'With an inside diameter of less than 360 mm' typically falls under HS Code 7306, which includes tubes, pipes, and hollow profiles of iron or steel. This specific subcategory focuses on products with an internal diameter smaller than 360 mm, commonly used in industries such as construction, automotive, and manufacturing for fluid transport, structural applications, and mechanical components. These products vary in material composition (e.g., carbon steel, stainless steel) and manufacturing processes (e.g., welded or seamless).
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade of total trade
Increasing
USD 1.8 billion
14.4% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.1 billion
8.8% of total trade of total trade
Decreasing
USD 900 million
7.2% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
25% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA or USMCA)
Increased demand for lightweight and corrosion-resistant materials
Shift towards stainless steel and alloy-based pipes, driving innovation and higher production costs but also opening niche markets
2021-2022
Rising adoption in renewable energy projects
Growth in usage for solar and wind energy infrastructure, boosting trade volumes in regions investing heavily in green energy
2020-2022
Supply chain disruptions due to geopolitical tensions
Increased costs and delays in delivery, prompting countries to seek alternative suppliers or localize production
2022
The United States introduced a 15% tariff on steel pipe imports from specific countries to protect domestic manufacturers, citing unfair trade practices.
March 2023
Likely to reduce import volumes from targeted countries like China, while increasing costs for US consumers and potentially benefiting alternative suppliers.
The European Union launched a policy to incentivize low-carbon steel production, affecting the trade of steel pipes with stricter environmental compliance requirements.
July 2023
May increase production costs for non-compliant exporters but creates opportunities for eco-friendly manufacturers to gain market share.
China implemented export curbs on certain steel products, including small-diameter pipes, to prioritize domestic supply amidst rising internal demand.
January 2023
Global supply shortages expected, driving up prices and encouraging buyers to source from other countries like South Korea and India.