HS Code:
The category 'Machines and apparatus for the manufacture of flat panel displays' (HS Code: 8486.30) includes specialized equipment used in the production of flat panel displays such as LCD, OLED, and other advanced display technologies. These machines are critical in the semiconductor and electronics industries, facilitating processes like deposition, etching, and lithography specific to display manufacturing. This category is a subset of machinery used in high-tech industries, reflecting the growing demand for consumer electronics and advanced display technologies globally.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.5%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for OLED and flexible displays
Increased investment in manufacturing equipment for next-generation displays, boosting trade in this category, especially in Asia-Pacific regions.
2021-2023
Shift towards automation and AI integration
Manufacturers are upgrading machinery with smart technologies, driving demand for advanced apparatus and increasing trade value.
2022-2023
Supply chain diversification
Countries are seeking to reduce dependency on single-source suppliers (e.g., China), leading to redistributed trade flows and new market entrants.
2020-2023
The United States imposed stricter export controls on advanced manufacturing equipment, including flat panel display machinery, to China, citing national security concerns.
October 2022
Significant reduction in US exports to China, pushing Chinese manufacturers to source from South Korea and Japan, altering trade patterns.
South Korea announced a $2 billion investment plan to enhance domestic production of OLED display manufacturing equipment, strengthening its position as a global leader.
March 2023
Increased export potential for South Korean machinery, especially to emerging markets like India and Vietnam.
The European Union introduced new environmental standards for imported manufacturing equipment, requiring energy efficiency and reduced emissions.
July 2023
Potential trade barriers for non-compliant exporters, while encouraging innovation in sustainable machinery design.