HS Code:
Video game consoles and machines, other than those of subheading 9504.30, and parts and accessories thereof (HS Code: 9504.50) encompass a range of electronic gaming devices, including home consoles, handheld gaming devices, and related components such as controllers, memory cards, and power supplies. This category excludes arcade-style gaming machines and focuses on consumer-oriented gaming systems used primarily for entertainment. The global trade of video game consoles is a significant segment of the consumer electronics market, driven by technological advancements, gaming culture, and seasonal demand during holidays.
Total Trade Volume
USD 20.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
4.2%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Rise of next-generation consoles
Increased demand for high-performance consoles like PlayStation 5 and Xbox Series X, driving trade volume growth by 25% since 2020.
2021-2022
Growth in portable gaming devices
Devices like the Nintendo Switch have boosted trade in handheld consoles, contributing to a 15% market share increase in this subcategory.
2020-2022
Supply chain disruptions
Semiconductor shortages have led to a 10% decline in export volumes from key manufacturers in 2021, though recovery is underway in 2022.
2021-2022
A temporary reduction in tariffs on consumer electronics, including video game consoles, was agreed upon in late 2022, facilitating smoother trade flows between the two largest players in this market.
November 2022
Expected to increase trade volume by 5-7% in 2023 as Chinese exports to the US face lower barriers.
The European Union introduced stricter environmental standards for electronic devices, including gaming consoles, mandating energy efficiency and recyclable materials starting mid-2023.
January 2023
Manufacturers may face higher compliance costs, potentially increasing prices by 3-5% in the EU market.
Major console manufacturers released innovative accessories, such as VR headsets and advanced controllers, boosting the parts and accessories segment of this category.
March 2023
Trade in accessories grew by 8% in Q1 2023, diversifying revenue streams for exporters.