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Global Tariffs, Categorized

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📦 With links of essentially round cross sections

With links of essentially round cross sections

HS Code:

📦

Overview

The category of 'With links of essentially round cross sections' falls under the Harmonized System (HS) Code related to chains and parts thereof, typically under HS Code 7315. This category includes chains made of iron or steel with links that have a predominantly round cross-section, commonly used in industrial applications, machinery, and transportation equipment. These products are critical components in various sectors, including automotive, construction, and manufacturing, due to their strength and durability.

Total Trade Volume

Approximately $2.5 billion USD

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

5.2% ad valorem

Highest Rate

12% (imposed by certain developing countries)

Lowest Rate

0% (under free trade agreements like EU-USMCA)

Common Restrictions

  • Import quotas in specific markets
  • Anti-dumping duties on Chinese exports in the EU and US
  • Quality certification requirements (ISO standards)
  • Environmental compliance regulations

Market Trends

Increased demand for high-strength chains in renewable energy sector

Growth in wind turbine and solar panel installation projects driving demand for durable chains, particularly in Europe and North America

2021-2023

Shift towards automation in manufacturing

Rising use of chains in automated conveyor systems and robotics, boosting trade volumes in Asia-Pacific regions

2020-2022

Raw material price volatility

Fluctuations in steel prices impacting production costs and trade margins globally

2022

Recent Developments

US Imposes New Tariffs on Chinese Steel Chains

The United States introduced a 10% tariff on specific steel chain imports from China to combat alleged dumping practices, affecting the 'With links of essentially round cross sections' category.

March 2023

Potential shift of supply chains to other Asian countries like Vietnam and South Korea

EU Green Deal Regulations Impact Chain Production

New EU regulations under the Green Deal mandate lower carbon emissions in steel production, influencing manufacturers of chains with round cross sections to adopt sustainable practices.

January 2023

Increased production costs but improved market access for compliant producers

Japan-Korea Trade Agreement on Industrial Components

A bilateral agreement between Japan and South Korea reduced tariffs on industrial components, including steel chains, fostering greater trade in the Asia-Pacific region.

September 2022

Enhanced competitiveness of Japanese and Korean exporters in the global market