HS Code:
The category 'Units suitable for physical incorporation into automatic data processing machines' (typically classified under HS Code 8471.80) includes components and peripheral units designed to be integrated into computers or data processing systems. These units encompass a range of products such as storage units, input/output devices, and other hardware components that enhance the functionality of automatic data processing machines. This category is critical to the global IT and electronics industry, supporting the assembly and functionality of computers and servers used across various sectors.
Total Trade Volume
USD 120 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
3.5%
Highest Rate
8% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand for cloud computing infrastructure
Increased need for storage units and server components, driving trade volume growth
2021-2022
Shift towards miniaturized and energy-efficient components
Manufacturers are innovating to meet sustainability goals, affecting product design and trade patterns
2020-2022
Supply chain diversification post-COVID-19
Companies are reducing reliance on single-country sourcing, leading to new trade routes and partnerships
2021-2023
Escalating trade tensions have led to additional tariffs on Chinese-made components for data processing machines, affecting pricing and supply chains.
Mid-2022
Increased costs for US importers and a push towards alternative suppliers in Taiwan and Vietnam.
New EU regulations under the Green Deal mandate stricter energy efficiency standards for electronic components, influencing product design and compliance costs.
Early 2023
Manufacturers face higher compliance costs, but it opens opportunities for eco-friendly product differentiation.
Taiwan has seen a surge in production capacity for components used in data processing machines, bolstered by global demand for semiconductors.
Late 2022
Strengthened Taiwan's position as a key exporter, with potential to reshape regional trade dynamics.