HS Code for NdFeB Permanent Magnets (HS 8505.11)
NdFeB sintered magnets are the highest-performance permanent magnets, essential for EV traction motors, wind-turbine direct drives, and hard disk drives. China produces ~92% of world sintered NdFeB. In 2024 China added rare-earth magnet manufacturing technology to its export control list.
Sample 6-digit codes
| Code | Description |
|---|---|
| 8505.11 | Permanent magnets of metal |
| 8505.19 | Permanent magnets of other materials (ferrite ceramic) |
Typical import duty by market
| Market | Duty |
|---|---|
| European Union | 2.2% |
| United States | 2.1% Section 301 25% additional on Chinese origin from 2024. |
| India (BCD) | 7.5% |
Numerical Example: 2 MT N45SH magnets (arc segments for EV motor), FOB Ningbo USD 65/kg, CIF Los Angeles
2 MT N45SH magnets (arc segments for EV motor), FOB Ningbo USD 65/kg, CIF Los Angeles. Run your own numbers in the Import Duty & Tax calculator.
- · EU CRM Act 2024 - rare earth magnets strategic.
- · US Inflation Reduction Act - domestic-content bonus for EVs excludes Chinese magnets (FEOC rules).
- · Chinese export control on rare-earth magnet manufacturing tech (Dec 2023).
- · China
- · Japan (Shin-Etsu, TDK)
- · Germany (Vacuumschmelze)
- · Vietnam (assembly)
Frequently asked questions
SH grades contain 4-6% Dy for high-temperature (150C) EV traction motor use. Dysprosium is separately export-controlled by China. Substituting with heavy-rare-earth-free (Nd-Fe-B-Ce) grades cuts cost but reduces high-temp performance.
Import duty and tax by destination market
Typical MFN duty, consumption tax and the tax base applied to critical minerals (HS 8505.11) in each market we cover. Rates are indicative at the 6-digit line | confirm the national 8/10-digit code with your broker.
| Market | Duty | Consumption tax | Tax base | Tax as % of CIF |
|---|---|---|---|---|
| India | 10% | IGST 18% | Assessable value + duty | 30.1% |
| United Arab Emirates | 2% | VAT 5% | CIF + duty | 7.1% |
| Saudi Arabia | 2% | VAT 15% | CIF + duty | 17.3% |
| Singapore | 2% | GST 9% | CIF + duty | 11.2% |
| China | 2% | VAT 13% | CIF + duty | 15.3% |
| United States | 1.5% | Federal VAT 0% | CIF | 1.8% |
| United Kingdom | 2% | VAT 20% | CIF + duty | 22.4% |
| Germany | 2% | USt 19% | CIF + duty | 21.4% |
| Netherlands | 2% | BTW 21% | CIF + duty | 23.4% |
| Vietnam | 2% | VAT 10% | CIF + duty | 12.2% |
| Türkiye | 2% | KDV 20% | CIF + duty | 22.4% |
| Japan | 2% | JCT 10% | CIF + duty | 12.2% |
| South Korea | 2% | VAT 10% | CIF + duty | 12.2% |
| Brazil | 16% | IPI+PIS/COFINS+ICMS 32% | CIF + duty | 53.1% |
| Indonesia | 2% | PPN 11% | CIF + duty | 15.7% |
| Mexico | 2% | IVA 16% | CIF + duty | 19.2% |
| Egypt | 2% | VAT 14% | CIF + duty | 16.3% |
| Nigeria | 2% | VAT 7.5% | CIF + duty | 11.3% |
| South Africa | 2% | VAT 15% | Assessable value + duty | 19.0% |
| Australia | 2% | GST 10% | CIF + duty | 12.2% |
Run your own numbers with the landed cost calculator or check documentation requirements in the LC document checklist.