HS Code:
This category, often associated with HS Code related to large flat panel displays or similar products (e.g., monitors, televisions, or industrial screens), pertains to items with specific dimensions: width exceeding 91 cm, length exceeding 184 cm, and depth exceeding 8 cm. These products are typically used in consumer electronics, industrial applications, and commercial displays. They are critical components in sectors like entertainment, education, and digital signage, with significant demand driven by technological advancements and increasing digitalization.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 4.8 billion
38.4% of total trade of total trade
Increasing
USD 2.3 billion
18.4% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Decreasing
USD 1.2 billion
9.6% of total trade of total trade
Increasing
USD 0.8 billion
6.4% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for large-format displays
Increased production and export from manufacturing hubs like China and South Korea due to growth in smart homes and commercial digital signage.
2021-2022
Shift to OLED and QLED technologies
Higher value per unit traded as premium display technologies replace older LCD models, boosting trade value despite stable unit volumes.
2020-2022
Supply chain diversification
Manufacturers are relocating production to countries like Vietnam and India to mitigate risks from geopolitical tensions and tariffs, altering trade patterns.
2022
Phase One trade deal renewal discussions have led to a temporary reduction in tariffs on large displays exported from China to the US, boosting trade volumes.
March 2023
Expected to increase Chinese exports by 10-15% in the short term.
New EU regulations under the Green Deal impose stricter energy efficiency and recycling requirements for large electronic displays, affecting exporters.
January 2023
Non-compliant manufacturers face higher compliance costs or market access barriers.
South Korean government announced subsidies for next-gen display technologies, strengthening domestic production capacity.
July 2022
Likely to maintain South Korea’s competitive edge in high-value product segments.