HS Code:
The category 'Articles previously exported with intent to reimport after temporary use abroad' (often classified under special provisions in HS Codes, such as Chapter 98 in some systems) includes goods that are exported temporarily for purposes such as repair, exhibition, or testing, with the intention of being reimported into the country of origin. These articles are typically subject to specific customs regulations to ensure duty-free or reduced-duty reentry, provided they meet certain conditions (e.g., no value enhancement abroad beyond repairs). This category spans a wide range of products, including machinery, equipment, and cultural artifacts, and is critical for industries requiring international collaboration or temporary use of goods abroad.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
World Customs Organization (WCO) and UN Comtrade Database
Average Rate
0-2% (often duty-free under temporary export provisions)
Highest Rate
5% (in certain non-signatory countries to international agreements like the ATA Carnet)
Lowest Rate
0% (under agreements like the Istanbul Convention on Temporary Admission)
Increase in temporary exports for trade shows and exhibitions
Driven by globalization and the need for international product showcasing, boosting trade volume in this category by 10% annually since 2019.
2022
Growth in equipment leasing and repair abroad
Industries like aerospace and heavy machinery are increasingly sending equipment abroad for specialized maintenance, contributing to a 15% rise in trade volume.
2021
Digital tracking and compliance tools
Adoption of blockchain and digital customs platforms has reduced fraud and improved tracking of temporarily exported goods, enhancing trust and efficiency.
2023
Several new countries, including emerging markets in Africa and Asia, have joined the ATA Carnet system, simplifying temporary export and reimport procedures.
January 2023
Expected to increase trade volume by reducing administrative barriers and costs for businesses in participating countries.
The European Union revised its temporary admission regulations under the Union Customs Code to include stricter documentation for cultural goods.
March 2022
May slow down the reimport of cultural artifacts due to increased scrutiny but aims to protect national heritage.
A bilateral agreement was signed to facilitate duty-free reimport of industrial equipment sent for repairs, as part of broader trade negotiations.
September 2022
Likely to boost trade volume between the two countries in this category by 8-12% over the next two years.