HS Code:
The category 'With an outside diameter not exceeding 114.3 mm' typically falls under HS Code 7306, which covers tubes, pipes, and hollow profiles of iron or steel. This specific subcategory refers to smaller diameter pipes often used in various industrial applications such as construction, automotive, and machinery manufacturing. These products are critical for fluid transportation, structural support, and mechanical systems. Global trade in this category is driven by demand in infrastructure projects, energy sectors, and manufacturing industries.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.8 billion
30.4% of total trade of total trade
Increasing
USD 1.9 billion
15.2% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.2 billion
9.6% of total trade of total trade
Increasing
USD 0.9 billion
7.2% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
25% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for small-diameter steel pipes in renewable energy projects
Increased exports to countries investing in solar and wind energy infrastructure, particularly in Europe and North America
2022
Shift towards sustainable steel production
Growing preference for suppliers using green steel technologies, impacting traditional exporters
2021-2022
Supply chain disruptions due to geopolitical tensions
Increased costs and delays in trade routes, particularly affecting shipments from Asia to Europe
2022
The United States introduced a 15% additional tariff on Chinese steel pipes under HS Code 7306, citing unfair trade practices and overcapacity.
March 2023
Likely to reduce Chinese exports to the US while boosting domestic production and imports from alternative sources like South Korea and Mexico.
The European Union launched a policy to incentivize the use of low-carbon steel in infrastructure projects, affecting the demand for small-diameter pipes.
July 2023
Expected to favor European producers with sustainable practices, potentially increasing costs for importers from non-compliant regions.
India announced new export incentives for steel products, including small-diameter pipes, to boost competitiveness in global markets.
September 2023
May lead to increased Indian exports, challenging established exporters like China in price-sensitive markets.