Market Insights
04-12-2024
In 2024, the global electronics export market continues to expand, driven by technological advancements and increased demand for electronic devices across various industries. The HS codes for electronic devices reflect a wide array of components, machinery, and parts that form the backbone of modern electronics. Here are the top 10 HS codes for electronic devices exported globally in 2024:
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1. HS Code 76169990 – Other Aluminium Articles, Not for Technical Use
Export Value: $20.98 Billion (16.61% of total electronic exports)
This category includes aluminum articles that are not intended for technical uses but are still essential for a variety of electronic products. These aluminum components are widely used in the production of housings, cases, and structural elements of consumer electronics such as smartphones, laptops, and other portable devices. The high demand for HS code 76169990 is driven by the need for lightweight and durable materials in the electronics industry.
2. HS Code 84819090 – Other Parts of Items Under Heading 8481
Export Value: $18.07 Billion (14.31% of total electronic exports)
HS code 84819090 covers a broad range of parts and components used in machinery and mechanical appliances. These parts are integral to the functioning of many electronic devices, ranging from industrial machinery to consumer electronics. The growth in global automation and digital technologies has further driven exports of such parts, making them a significant contributor to international trade.
3. HS Code 84509010 – Parts of Washing Machines, Dry Linen Capacity ≤ 10 kg
Export Value: $10.11 Billion (8.01% of total electronic exports)
Parts related to washing machines, especially those with a dry linen capacity of 10 kg or less, represent a significant portion of global electronic exports. This HS code includes components such as motors, pumps, and other mechanical parts essential for the functioning of washing machines, which continue to be in high demand as consumer appliance markets expand worldwide. The growth in smart home technologies also adds to the demand for such components.
4. HS Code 90314990 – Optical Instruments, Appliances, and Machines for Measuring or Checking
Export Value: $9.17 Billion (7.26% of total electronic exports)
HS code 90314990 includes optical instruments and machines used in measuring or checking various physical quantities. These instruments are crucial for a variety of applications, including scientific research, telecommunications, and industrial production. As industries increasingly rely on precision instruments for quality control, the export value of these items continues to grow.
5. HS Code 84798950 – Machines for the Extraction or Purification of Radioactive Substances
Export Value: $7.84 Billion (6.21% of total electronic exports)
Machines used for extracting or purifying radioactive substances, excluding those used for uranium or thorium ores, fall under this category. These machines play a pivotal role in the production and management of radioactive materials for applications such as nuclear energy generation and medical treatments. The growing use of nuclear technology for clean energy and medical purposes ensures the continued relevance and demand for these machines in global trade.
6. HS Code 84799090 – Parts of Other Machinery and Mechanical Appliances, Having Individual Functions
Export Value: $4.67 Billion (3.69% of total electronic exports)
This HS code for electronic parts covers a wide range of specialized components used in machinery and mechanical appliances. These parts are crucial for the functionality of many high-tech devices and equipment used across sectors such as manufacturing, energy, telecommunications, and transportation. As technological advancements continue, these parts are increasingly sought after for their role in enabling automation and efficiency in electronic systems.
7. HS Code 84198919 – Machinery for the Treatment of Materials by a Process Involving a Change of Temperature
Export Value: $3.78 Billion (2.99% of total electronic exports)
This category includes machinery used for processes like heating, cooling, roasting, sterilizing, and evaporating materials. These types of equipment are integral to the production of electronic components and other high-tech materials. The global demand for these machines is driven by industries such as food processing, pharmaceuticals, and electronics manufacturing, all of which rely on precise temperature management.
8. HS Code 90318090 – Measuring or Checking Instruments, Appliances, and Machines
Export Value: $3.31 Billion (2.62% of total electronic exports)
HS code 90318090 pertains to measuring and checking instruments and appliances not covered elsewhere. These devices are essential in ensuring the accuracy and functionality of various electronic devices and systems. From laboratory instruments to industrial machines, this HS code captures a wide range of tools that support quality assurance and performance testing in electronic industries.
9. HS Code 84289020 – Parking Meters and Coin-Operated Machines for Dispensing Tickets
Export Value: $2.4 Billion (1.9% of total electronic exports)
This category focuses on electronic components related to parking meters and ticket-dispensing machines, commonly used in urban infrastructure. As cities around the world adopt smarter technologies for traffic management, demand for automated parking systems has increased. This has resulted in a surge in the export of parking meters and related equipment under this HS code.
10. HS Code 84807190 – Other Rubber or Plastic Molds for Blow or Injection Molding (Not Used in the Production of Semiconductor Devices)
Export Value: $1.68 Billion (1.9% of total electronic exports)
Molds used in blow or injection molding, not specifically for semiconductor devices, are crucial in the production of various plastic and rubber components. These components are used in consumer electronics, automotive products, and medical devices. The export of these molds continues to grow as industries look for cost-effective and efficient manufacturing methods for electronic components and parts.
Conclusion
The top HS codes for electronic devices exported worldwide in 2024 reveal the diverse nature of the global electronics market. From essential materials like aluminum and plastic molds to sophisticated machines for measuring and checking, these products are foundational to the continued growth and innovation in electronics. As technological advancements continue to shape the way we interact with electronics, understanding these HS codes provides valuable insights into the global trade dynamics of the electronics industry, helping businesses stay competitive in the ever-evolving market.
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