8462.62: Cold metal working presses: mechanical presses

1. 8462 62 00 00 Mechanical presses p/st
2. 8462 62 10 00 Numerically controlled Freep/st
3. 8462 62 90 00 Other Freep/st

Additional duties and import rules

Charges on top of the customs duty, and rules the goods must meet at the border.

Preferential rates by country

UK: imports by month

last 12 months£21.5m+37.2% · previous 12 months

Average import price£7.68 per kg

Main suppliers, last 12 months

Country	Value	Share	Change
Belgium	£14.5m	67.1%	+65.2%
Italy	£2.4m	10.9%	+173%
Germany	£2.2m	10.1%	+18.8%
United States	£1.5m	7.1%	-52.1%
China	£705k	3.3%	+55.6%
Spain	£129k	0.6%	+2,589,860%
Canada	£66k	0.3%	+69.5%
United Kingdom	£46k	0.2%	-13.7%

Same subheading in other tariffs

EU 1.7% – 2.7% Third-country duty 2 tariff lines · average 2.2% Türkiye 1.7% – 2.7% Third-country duty 2 tariff lines · average 2.2% USA 4.4% General (MFN) 2 tariff lines Canada Free General (MFN) 2 tariff lines Mexico Free – 15% General (MFN) 2 tariff lines · average 7.5% Brazil 20% General (MFN) 1 tariff line Argentina 12.6% General (MFN) 1 tariff line Peru Free General (MFN) 1 tariff line New Zealand 5% General (MFN) 1 tariff line Japan Free General (MFN) 1 tariff line Taiwan 4% – 5% General (MFN) 2 tariff lines · average 4.5% GCC 5% General (MFN) 1 tariff line Switzerland Free General (MFN) 1 tariff line Norway Free General (MFN) 1 tariff line North Macedonia Free General (MFN) 2 tariff lines Nigeria 5% General (MFN) 1 tariff line

World trade in 2024

Top exporters

Rank	Country	Value	Share
1	China	US$245m	20.4%
2	Japan	US$186m	15.5%
3	South Korea	US$156m	13%
4	Italy	US$109m	9.1%
5	Taiwan	US$104m	8.7%
6	Germany	US$85m	7.1%
7	Spain	US$77m	6.4%
8	United States	US$52m	4.4%
9	Belgium	US$47m	3.9%
10	Malaysia	US$29m	2.5%

Top importers

Rank	Country	Value	Share
1	Mexico	US$148m	12.3%
2	United States	US$141m	11.8%
3	China	US$133m	11.1%
4	Vietnam	US$78m	6.5%
5	India	US$71m	5.9%
6	Türkiye	US$67m	5.6%
7	Germany	US$58m	4.9%
8	Poland	US$35m	2.9%
9	South Korea	US$33m	2.8%
10	Thailand	US$33m	2.7%

Import duty on this product around the world 93

The most-favoured-nation (MFN) duty each country applies to goods of this HS subheading: the average over its national tariff lines, with the lowest and highest line where they differ. Goods from countries with a trade agreement often pay less.

• 5%median duty
• 34number of duty-free countries (MFN)
• 45%highest: Bahamas, Bermuda, Maldives

93

Importing country	MFN duty	lines from – to	data year
Albania	0%		2023
Algeria	5%		2023
Armenia	6.9%	0% – 10%	2023
Australia	2.5%	0% – 5%	2023
Bahamas	45%		2022
Bahrain	5%		2023
Belize	5%		2023
Benin	5%		2023
Bermuda	25%		2023
Bhutan	10%		2022
Bosnia & Herzegovina	10%		2022
Botswana	10%	0% – 15%	2023
Burkina Faso	5%		2023
Burundi	0%		2023
Cameroon	10%		2023
Canada	0%		2023
Central African Republic	10%		2023
Chad	10%		2023
China	9%		2023
Congo - Brazzaville	10%		2023
Costa Rica	0%		2023
Dominican Republic	0%		2023
El Salvador	0%		2022
Equatorial Guinea	10%		2023
Eswatini	10%	0% – 15%	2023
European Union (27 countries)	2.2%	1.7% – 2.7%	2023
Fiji	0%		2023
French Polynesia	10%		2023
Gabon	10%		2023
Gambia	5%		2023
Ghana	5%		2023
Guatemala	0%		2023
Guinea	5%		2023
Guinea-Bissau	5%		2023
Honduras	0%		2023
Hong Kong SAR China	0%		2023
Iceland	0%		2023
India	7.5%		2023
Indonesia	10%	5% – 15%	2023
Jamaica	0%		2023
Japan	0%		2023
Jordan	2.5%	0% – 5%	2023
Kazakhstan	5.7%	0% – 10%	2023
Kenya	0%		2023
Kuwait	5%		2023
Lesotho	10%	0% – 15%	2023
Liberia	5%		2023
Macao SAR China	0%		2023
Madagascar	5%		2023
Malaysia	0%		2023
Maldives	20%		2023
Mali	5%		2023
Mauritius	0%		2023
Mongolia	5%		2023
Morocco	2.5%		2023
Mozambique	5%		2023
Namibia	10%	0% – 15%	2023
Nepal	5%		2023
New Zealand	5%		2023
Nicaragua	0%		2023
Niger	5%		2023
Nigeria	5%		2023
North Macedonia	0%		2023
Norway	0%		2023
Oman	5%		2023
Pakistan	0%		2023
Panama	0%		2023
Papua New Guinea	0%		2023
Philippines	0%		2023
Qatar	5%		2023
Rwanda	0%		2023
Saudi Arabia	5%		2023
Senegal	5%		2023
Seychelles	0%		2023
Sierra Leone	5%		2023
South Africa	10%	0% – 15%	2023
South Korea	8%		2023
Sri Lanka	0%		2023
St Kitts & Nevis	0%		2023
St Vincent & the Grenadines	5%		2023
Switzerland	0.8%*	0.3% – 1.2%	2023
Tanzania	0%		2023
Thailand	5%		2023
Togo	5%		2023
Türkiye	9.2%	8.7% – 9.7%	2023
Uganda	0%		2023
United Arab Emirates	5%		2023
United Kingdom	0%		2023
United States	4.4%		2023
Vanuatu	0%		2023
Vietnam	1%	0% – 2%	2023
Zambia	0%		2023
Zimbabwe	0%		2023

Tariff data years 2022–2023; rates may have changed since. * ad valorem equivalent of specific duties (UNCTAD estimate) · UNCTAD TRAINS, accessed via WITS (World Bank)

Classifications and correspondences

Where this HS subheading sits in the United Nations' statistical classifications, and which codes it had in earlier editions of the Harmonized System.

SITC Rev. 4

7331 Machine tools (including presses) for working metal by forging, hammering or die-stamping; machine tools (including presses) for working metal by bending, folding, straightening, flattening, shearing, punching or notching; presses for working metal or met

End use (BEC Rev. 5)

Capital goods · BEC 212010

CPC 2.1 product

44217 Machine-tools for working metal by forging, hammering or die-stamping; machine-tools for working metal by bending, folding, straightening, flattening, shearing, punching or notching; other presses for working metal or metal carbides

ISIC Rev. 4 activity

2822 Manufacture of metal-forming machinery and machine tools

Earlier HS editions

Correspondence tables of the United Nations Statistics Division (UNSD)

Code history

Since 2022; before, these goods were classified under 8462.10, 8462.21, 8462.29, 8462.31, 8462.39, 8462.41, 8462.49, 8462.99.

Questions and answers