HS Code:
The category 'Suitable for use in liquid crystal displays, measuring not over 0.8 m² in area' pertains to specific components or materials designed for integration into liquid crystal displays (LCDs). These products are typically used in manufacturing screens for televisions, monitors, laptops, and other electronic devices with display capabilities. This category falls under a specific HS Code in the Harmonized System, which is used globally to classify traded products. The components in this category are critical to the electronics industry, reflecting advancements in display technology and miniaturization.
Total Trade Volume
USD 5.2 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 USMCA and EU-Japan EPA)
Rising demand for high-resolution displays
Increased production and trade of LCD components to meet consumer demand for better visual quality in devices.
2021-2022
Shift towards OLED technology
Potential decline in long-term demand for traditional LCD components as manufacturers pivot to newer technologies.
2022-2023
Supply chain diversification
Countries are seeking alternative suppliers to reduce dependency on dominant exporters like China due to geopolitical tensions.
2020-2022
The European Union announced a reduction in tariffs on LCD components under a new trade agreement with South Korea, aiming to boost imports.
March 2023
Expected to increase South Korean exports to the EU by 10% over the next two years.
Ongoing trade disputes have led to additional tariffs on Chinese LCD components entering the US market, prompting manufacturers to explore alternative sourcing.
January 2023
Potential rise in production costs for US-based electronics manufacturers.
Japanese firms have introduced new manufacturing techniques for smaller, more efficient LCD components, strengthening their competitive edge.
September 2022
May slow the decline in Japan's market share despite overall trend.