HS Code:
The 16-bit category typically refers to products under specific Harmonized System (HS) codes related to electronic components, such as microprocessors, microcontrollers, or integrated circuits with 16-bit architecture. These components are widely used in various applications, including embedded systems, automotive electronics, and industrial automation. This category plays a crucial role in the global electronics supply chain, supporting the development of devices requiring moderate processing power with energy efficiency.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.2%
Highest Rate
8.5% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Shift towards IoT and smart devices
Increased demand for 16-bit microcontrollers in connected devices and sensors, driving trade volume growth in Asia-Pacific.
2021-2022
Automotive electrification
Rising use of 16-bit components in electric vehicle control systems, boosting trade in Europe and North America.
2020-2022
Supply chain disruptions
Global semiconductor shortages have constrained 16-bit component availability, increasing prices and affecting trade flows.
2021-2022
Phase One trade agreement led to a temporary reduction in tariffs on electronic components, including 16-bit products, between the US and China.
January 2022
Facilitated smoother trade flows and reduced costs for US importers, boosting trade volume by 5%.
New EU regulations under the Green Deal mandate stricter energy efficiency and recycling standards for electronic components.
March 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant regions.
South Korea announced a USD 450 billion investment in semiconductor manufacturing, including 16-bit technology, over the next decade.
May 2021
Expected to solidify South Korea's position as a leading exporter, potentially increasing global supply by 10% by 2025.