HS Code:
Flat panel display modules, other than those for articles of subheadings 8528.59, 8528.69, 8528.72, and 8528.73 (HS Code: 8524.91), encompass a wide range of display technologies such as LCD, OLED, and other flat panel displays used in various electronic devices excluding specific monitors and televisions. These modules are integral components in products like smartphones, tablets, laptops, and industrial equipment. The category is critical to the global electronics supply chain, with significant trade driven by advancements in display technology and consumer demand for high-resolution screens.
Total Trade Volume
USD 120 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Shift to OLED technology
Increased demand for high-quality displays in premium consumer electronics, driving trade volume for OLED modules, especially from South Korea and China.
2021-2023
Rising adoption of flexible displays
Growing market for foldable smartphones and wearable devices, boosting exports from innovative manufacturers in Asia.
2022-2023
Supply chain diversification
Countries like Vietnam and India are emerging as alternative manufacturing hubs due to geopolitical tensions and cost advantages, slightly reducing reliance on China.
2020-2023
Ongoing trade disputes have led to additional tariffs on Chinese flat panel display modules entering the US market, prompting manufacturers to explore alternative production locations.
Mid-2022
Potential increase in costs for US consumers and a shift in trade flows to other Asian countries like Taiwan and Vietnam.
Major South Korean companies have announced multi-billion-dollar investments in OLED display module production to meet global demand for high-end displays.
Early 2023
Strengthens South Korea’s position as a leading exporter, potentially increasing its market share over competitors.
The European Union has introduced stricter environmental regulations on electronic components, including flat panel displays, focusing on energy efficiency and recyclability.
Late 2022
Manufacturers may face higher compliance costs, affecting trade volumes to the EU market in the short term.