HS Code:
The category 'Exceeding 1 MHz but not exceeding 5 MHz' typically pertains to electronic components or equipment, such as oscillators, frequency generators, or radio frequency devices operating within this specific frequency range. These products are often used in telecommunications, broadcasting, and industrial applications for signal processing and transmission. The Harmonized System (HS) code for this category is generally found under Chapter 85 (Electrical machinery and equipment), though the exact subheading is not provided in the query. This category is critical in the global electronics supply chain, supporting a wide range of industries.
Total Trade Volume
USD 2.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for IoT devices
Increased need for frequency-specific components in smart devices and connectivity solutions, driving trade volume up by 8% annually
2022
Shift towards 5G technology
Growing adoption of 5G infrastructure boosts demand for components in the 1-5 MHz range for base stations and network equipment
2021-2022
Supply chain disruptions
Chip shortages and geopolitical tensions have led to a 5% decline in export availability from key manufacturers
2021
A new phase of the US-China trade agreement reduced tariffs on electronic components, including those in the 1-5 MHz range, from 7.5% to 3%.
January 2023
Expected to increase Chinese exports to the US by 10% in 2023.
The EU introduced stricter environmental standards for electronic components, requiring energy efficiency certifications for imports.
March 2023
May increase production costs for exporters to the EU by 3-5% but could favor sustainable manufacturers.
A bilateral agreement to collaborate on semiconductor and frequency device production was signed, boosting joint exports.
June 2022
Predicted to enhance market share of both countries by 7% in the global market.