Subheading · Section XVI

8462.63: Cold metal working presses: servo-presses

8462.63

Official description Servo-presses

  • FreeUK
  • 1.7%–2.7%EU
  • 50%Türkiye
  • 4.4%USA
  • US$356.1mWorld trade in 2024

8462.63 is a six-digit subheading of heading 8462, machine tools, chapter 84.

In the UK Global Tariff, subheading 8462.63 covers 2 tariff lines and the duty is duty-free.

The EU Combined Nomenclature divides subheading 8462.63 into 2 tariff lines; the duty is between 1.7% and 2.7% (average 2.2%).

In the Turkish Customs Tariff Schedule, subheading 8462.63 covers 2 tariff lines and the statutory rate is 50%.

The Harmonized Tariff Schedule of the United States divides subheading 8462.63 into 2 tariff lines; the duty is 4.4%.

World trade in these goods reached US$356.1m in 2024, up 5.3% on 2023.

Japan was the largest exporter with 19.2% of the total, ahead of Germany.

The United States imported the most (US$77.2m).

The United Kingdom ranked 18th among 44 exporters with US$1.1m.

The United Kingdom imported US$6.9m, most of it from Spain.

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 63 00 00 Servo-presses p/st
  2. 8462 63 10 00 Numerically controlled Freep/st
  3. 8462 63 90 00 Other Freep/st

EU Combined Nomenclature

EU lines →
  1. 8462 63 Servo-presses:
  2. 8462 63 10 Numerically controlled 2.7%p/st
  3. 8462 63 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. 8462.63 Servo presler:
  2. 8462.63.10.00.00 Numerik Kontrollü olanlar 50%Adet
  3. 8462.63.90.00.00 Diğerleri 50%Adet

Harmonized Tariff Schedule of the United States

USA lines →
  1. 8462.63 Servo-presses:
  2. 8462.63.40 Numerically controlled 4.4%
  3. 8462.63.40.10 Used or rebuilt No.
  4. 8462.63.40.30 Other No.
  5. 8462.63.80 Other 4.4%
  6. 8462.63.80.10 Used or rebuilt No.
  7. 8462.63.80.20 Other, valued under $3,025 each No.
  8. 8462.63.80.60 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

8462.63 · US$356.1m

Trade value (US$) no reported trade < US$736.8kUS$736.8k+US$8.8m+US$22.2m+> US$66m

Exports: 44
  1. Japan: US$68.3m
  2. Germany: US$66m
  3. China: US$49.4m
  4. Taiwan: US$27.1m
  5. Italy: US$22.2m
  6. Brazil: US$22m
  7. Spain: US$21.7m
  8. Switzerland: US$19m
  9. United States: US$17.5m
  10. Austria: US$11.8m
  11. Malaysia: US$8.8m
  12. Türkiye: US$3.9m
  13. Indonesia: US$2.1m
  14. Canada: US$2m
  15. Belgium: US$1.9m
  16. Lithuania: US$1.6m
  17. South Korea: US$1.3m
  18. United Kingdom: US$1.1m
  19. Serbia: US$1m
  20. Czechia: US$985k
  21. Singapore: US$963.2k
  22. Sweden: US$736.8k
  23. Finland: US$731.8k
  24. Australia: US$717.2k
  25. France: US$683.7k
  26. Hungary: US$662.4k
  27. Ukraine: US$611k
  28. Israel: US$316.9k
  29. Denmark: US$177.7k
  30. Romania: US$174.4k
  31. Thailand: US$166.1k
  32. India: US$154.2k
  33. Moldova: US$145.2k
  34. Slovakia: US$76.9k
  35. Poland: US$25.8k
  36. Ireland: US$22k
  37. Portugal: US$16.5k
  38. Netherlands: US$16.2k
  39. Vietnam: US$10.8k
  40. Guatemala: US$10.5k
  41. Greece: US$8.6k
  42. Mexico: US$7.2k
  43. South Africa: US$4.6k
  44. Russia: US$800

Top exporters

RankCountryValueShare
1 Japan US$68.3m 19.2%
2 Germany US$66m 18.5%
3 China US$49.4m 13.9%
4 Taiwan US$27.1m 7.6%
5 Italy US$22.2m 6.2%
6 Brazil US$22m 6.2%
7 Spain US$21.7m 6.1%
8 Switzerland US$19m 5.3%
9 United States US$17.5m 4.9%
10 Austria US$11.8m 3.3%

Top importers

RankCountryValueShare
1 United States US$77.2m 21.7%
2 China US$56.8m 15.9%
3 India US$44.6m 12.5%
4 Mexico US$18.3m 5.1%
5 Portugal US$15.9m 4.5%
6 Canada US$14.1m 4%
7 Thailand US$11.5m 3.2%
8 Germany US$11.4m 3.2%
9 Hungary US$8.3m 2.3%
10 France US$7.9m 2.2%

Questions and answers

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

Cold metal working presses: servo-presses fall under HS subheading 8462.63, part of heading 8462, in section XVI of the Harmonized System.

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

Under the UK Global Tariff, imports under 8462.63 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: servo-presses in the EU?

Under the EU Combined Nomenclature, imports under 8462.63 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: servo-presses?

Japan, with US$68.3m in 2024 (19.2% of world exports).