HS Code:
The category 'Parts and accessories suitable for use solely or principally with the apparatus of heading 8519 or 8521' (HS Code: 8522) includes components and accessories specifically designed for sound recording or reproducing apparatus (heading 8519) and video recording or reproducing apparatus (heading 8521). This encompasses items like magnetic tapes, discs, cards, turntable needles, tonearms, and other specialized parts essential for the operation of audio and video equipment. These products are critical in consumer electronics, professional audio-visual industries, and media production, reflecting advancements in technology and shifts in consumer preferences towards digital formats.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift to Digital Components
Increased demand for parts compatible with digital audio and streaming devices, reducing demand for traditional analog components like magnetic tapes.
2020-2022
Growth in Smart Home Devices
Rising integration of audio parts in smart speakers and IoT devices, driving innovation and trade in specialized accessories.
2021-2023
Sustainability Push
Growing emphasis on recyclable materials and eco-friendly production processes for electronic parts, influencing trade policies and costs.
2022-2023
Additional tariffs imposed on Chinese electronic components, including parts under HS 8522, as part of ongoing trade disputes.
Mid-2022
Increased costs for US importers and potential shift of supply chains to other Asian countries like Vietnam and Taiwan.
New EU regulations under the Green Deal mandate stricter environmental standards for electronic parts, affecting exporters to the EU market.
January 2023
Higher compliance costs for manufacturers but potential long-term benefits in accessing the EU market with sustainable products.
Introduction of next-generation audio components compatible with AI-driven devices by major Japanese and South Korean firms.
Late 2022
Boosted export volumes from these countries, reinforcing their market dominance in high-tech segments.