Subheading · Section XVI

8462.62: Cold metal working presses: mechanical presses

8462.62

Official description Mechanical presses

  • FreeUK
  • 1.7%–2.7%EU
  • 50%Türkiye
  • 4.4%USA
  • US$1.2bnWorld trade in 2024

Subheading 8462.62 belongs to heading 8462 (machine tools) in chapter 84.

The UK Global Tariff divides subheading 8462.62 into 2 tariff lines; the duty is duty-free.

In the EU Combined Nomenclature, subheading 8462.62 covers 2 tariff lines and the duty is between 1.7% and 2.7%.

The Turkish Customs Tariff Schedule divides subheading 8462.62 into 2 tariff lines; the statutory rate is 50%.

In the Harmonized Tariff Schedule of the United States, subheading 8462.62 covers 2 tariff lines and the duty is 4.4%.

In 2024, countries exported these goods worth US$1.2bn (−2.2% year on year).

The largest exporter was China (US$244.6m), followed by Japan.

The biggest buyer was Mexico, with imports of US$148.3m.

The United Kingdom ranked 18th among 79 exporters with US$5.3m; its largest buyer was the United States.

The United Kingdom imported US$23.9m, most of it from Belgium.

Duty rates compared

UK Free Third-country duty 2 tariff lines EU 1.7% – 2.7% Third-country duty 2 tariff lines · average 2.2% Türkiye 50% Statutory rate (Law 474) 2 tariff lines USA 4.4% General (MFN) 2 tariff lines

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

UK Global Tariff

UK lines →
  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

EU Combined Nomenclature

EU lines →
  1. 8462 62 Mechanical presses:
  2. 8462 62 10 Numerically controlled 2.7%p/st
  3. 8462 62 90 Other 1.7%p/st

Turkish Customs Tariff Schedule

Türkiye lines →

This line has no official text in this language; it is shown in the language of its tariff.

  1. 8462.62 Mekanik presler:
  2. 8462.62.10.00.00 Numerik Kontrollü olanlar 50%Adet
  3. 8462.62.90.00.00 Diğerleri 50%Adet

Harmonized Tariff Schedule of the United States

USA lines →
  1. 8462.62 Mechanical presses:
  2. 8462.62.40 Numerically controlled 4.4%
  3. 8462.62.40.10 Used or rebuilt No.
  4. 8462.62.40.30 Other No.
  5. 8462.62.50 Other 4.4%
  6. 8462.62.50.30 Used or rebuilt No.
  7. 8462.62.50.90 Other No.

Special: reduced rates under trade agreements and preference programmes; the letters in brackets name the programmes (for example AU = Australia FTA, KR = Korea FTA).

World trade in 2024

8462.62 · US$1.2bn

Trade value (US$) no reported trade < US$151kUS$151k+US$4.9m+US$52.2m+> US$156.3m

Exports: 79
  1. China: US$244.6m
  2. Japan: US$186.5m
  3. South Korea: US$156.3m
  4. Italy: US$109.4m
  5. Taiwan: US$104.2m
  6. Germany: US$84.9m
  7. Spain: US$76.7m
  8. United States: US$52.2m
  9. Belgium: US$46.5m
  10. Malaysia: US$29.5m
  11. Switzerland: US$23.8m
  12. Brazil: US$14.8m
  13. Türkiye: US$10m
  14. Canada: US$7.7m
  15. Singapore: US$7.1m
  16. India: US$6.3m
  17. France: US$6.3m
  18. United Kingdom: US$5.3m
  19. Austria: US$4.9m
  20. Bulgaria: US$3.6m
  21. Sweden: US$1.9m
  22. Ukraine: US$1.8m
  23. Russia: US$1.7m
  24. Thailand: US$1.6m
  25. Slovakia: US$1.6m
  26. Czechia: US$1.3m
  27. Poland: US$1.1m
  28. Portugal: US$1m
  29. Indonesia: US$1m
  30. Romania: US$1m
  31. Uzbekistan: US$955.6k
  32. Hungary: US$876.8k
  33. Netherlands: US$744.9k
  34. Mexico: US$710k
  35. Denmark: US$474.3k
  36. Slovenia: US$441k
  37. Hong Kong SAR China: US$359.6k
  38. South Africa: US$151k
  39. Kazakhstan: US$133.7k
  40. Norway: US$126k
  41. Croatia: US$100.6k
  42. Belarus: US$94.3k
  43. Lithuania: US$80.6k
  44. Australia: US$80.5k
  45. Morocco: US$75.3k
  46. Vietnam: US$66.5k
  47. Bosnia & Herzegovina: US$62.8k
  48. Greece: US$61.5k
  49. Finland: US$59.7k
  50. Azerbaijan: US$54.5k
  51. Moldova: US$49.7k
  52. Peru: US$46.9k
  53. Serbia: US$42.3k
  54. Tunisia: US$14.8k
  55. Chile: US$13.5k
  56. New Zealand: US$12.3k
  57. Cyprus: US$10.8k
  58. Israel: US$9.6k
  59. Iran: US$9.4k
  60. Kyrgyzstan: US$8.5k

Top exporters

RankCountryValueShare
1 China US$244.6m 20.4%
2 Japan US$186.5m 15.5%
3 South Korea US$156.3m 13%
4 Italy US$109.4m 9.1%
5 Taiwan US$104.2m 8.7%
6 Germany US$84.9m 7.1%
7 Spain US$76.7m 6.4%
8 United States US$52.2m 4.4%
9 Belgium US$46.5m 3.9%
10 Malaysia US$29.5m 2.5%

Top importers

RankCountryValueShare
1 Mexico US$148.3m 12.3%
2 United States US$141.2m 11.8%
3 China US$132.9m 11.1%
4 Vietnam US$77.9m 6.5%
5 India US$71.2m 5.9%
6 Türkiye US$66.7m 5.6%
7 Germany US$58.4m 4.9%
8 Poland US$34.9m 2.9%
9 South Korea US$33m 2.8%
10 Thailand US$32.8m 2.7%

Questions and answers

What is the HS code for cold metal working presses: mechanical presses?

Cold metal working presses: mechanical presses fall under HS subheading 8462.62, part of heading 8462, in section XVI of the Harmonized System.

What is the import duty on cold metal working presses: mechanical presses in the UK?

Under the UK Global Tariff, imports under 8462.62 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on cold metal working presses: mechanical presses in the EU?

Under the EU Combined Nomenclature, imports under 8462.62 from countries without a preferential agreement are charged at 1.7% to 2.7%, depending on the line. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most cold metal working presses: mechanical presses?

China, with US$244.6m in 2024 (20.4% of world exports).