HS Code:
The 'Receiving only' category under the Harmonized System (HS) Code typically refers to products or equipment designed solely for receiving signals, data, or broadcasts, such as certain types of radio receivers, television receivers, or other communication apparatus that do not transmit. This category is critical in the global electronics and telecommunications industry, supporting consumer electronics, broadcasting, and communication infrastructure. Due to the incomplete HS code provided, this response assumes a general focus on receiving apparatus (e.g., HS Code 8527 for radio-broadcast receivers). These products are integral to personal and commercial use, with demand driven by technological advancements and digital transformation.
Total Trade Volume
USD 45.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.2%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards digital and smart receivers
Increased demand for IoT-enabled and smart home devices with receiving capabilities, driving innovation and market growth.
2021-2023
Rising adoption of 5G technology
Boosted demand for advanced receiving equipment compatible with high-speed networks, influencing trade patterns towards tech-savvy regions.
2022
Supply chain disruptions due to geopolitical tensions
Shortages of critical components for receiving devices, leading to higher prices and delays in trade.
2020-2022
A new phase of negotiations reduced tariffs on electronic receiving equipment, facilitating smoother trade flows between the two largest players in this market.
March 2023
Expected to increase trade volume by 5-7% annually between the US and China for this category.
The European Union introduced stricter regulations on the energy efficiency and recyclability of electronic receiving devices as part of the Green Deal initiative.
July 2023
Manufacturers face higher compliance costs, potentially increasing prices in the EU market by 3-5%.
South Korean firms announced advancements in miniaturized receiving technology, enhancing integration into compact consumer devices.
September 2023
Likely to strengthen South Korea’s export position, with a projected 10% growth in trade volume for 2024.