HS Code:
The category 'Incomplete or unfinished (including assemblies consisting of the parts specified in subdivisions (a), (b), (c) and (e) in additional U.S. note 9 to this chapter plus a power supply), presented without a display device' typically falls under HS Code 8528.72 or related subheadings. This category includes components or assemblies of electronic devices such as television receivers or monitors that are not fully assembled and lack a display device. These products are often traded as intermediate goods in the global supply chain for consumer electronics, used by manufacturers to complete final products. Trade in this category is driven by the demand for cost-effective production and assembly in regions with specialized manufacturing capabilities.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) statistics
$2.1 billion USD
40.4% of total trade of total trade
Increasing
$850 million USD
16.3% of total trade of total trade
Stable
$620 million USD
11.9% of total trade of total trade
Increasing
$480 million USD
9.2% of total trade of total trade
Decreasing
$350 million USD
6.7% of total trade of total trade
Increasing
Average Rate
3.5% ad valorem
Highest Rate
8% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Japan EPA)
Shift towards regional manufacturing hubs
Countries like Vietnam and Mexico are seeing increased trade volumes due to nearshoring and diversification of supply chains away from China, driven by geopolitical tensions and cost advantages.
2021-2022
Rising demand for modular electronics
Manufacturers are increasingly trading incomplete assemblies to allow for customization in destination markets, boosting trade in this category.
2020-2022
Impact of global chip shortages
Supply chain disruptions have slowed trade growth temporarily, with some countries facing delays in receiving critical components for assembly.
2021-2023
Ongoing trade disputes have led to additional tariffs on Chinese electronics components, prompting manufacturers to relocate production to Southeast Asia and Latin America.
Mid-2022
Increased trade volumes for countries like Vietnam and Mexico, while China's dominance slightly declines.
New EU regulations under the Green Deal impose stricter environmental standards on electronic components, affecting exporters who must comply with sustainability requirements.
Early 2023
Potential increase in production costs for non-compliant exporters, reshaping trade patterns towards greener manufacturers.
Recent expansions in agreements like the Regional Comprehensive Economic Partnership (RCEP) have reduced tariffs on electronics components in the Asia-Pacific region.
January 2022
Boosted intra-regional trade, particularly benefiting South Korea and Japan.