US Increases Import of Electrical Capacitors from Bangladesh Amid Rising Demand
The United States has seen a 12% increase in imports of electrical capacitors (HS Code: 8532) from Bangladesh in the third quarter of 2023, driven by growing demand in the electronics sector.
October 15, 2023
Impact: This surge is likely to strengthen trade ties, encouraging Bangladeshi manufacturers to scale up production and potentially leading to more favorable trade agreements.
Bangladesh Expands Capacitor Manufacturing Capacity for US Market
Bangladeshi firms have invested in new facilities to produce fixed and variable capacitors, targeting the US market, which accounts for 30% of their export volume under HS Code 8532.
September 20, 2023
Impact: Increased production capacity may lead to competitive pricing for US buyers, potentially increasing import volumes while putting pressure on domestic US capacitor producers.
US-Bangladesh Trade Talks Highlight Electronics Components Sector
Recent bilateral trade discussions between the US and Bangladesh emphasized the growing importance of electrical capacitors and parts (HS Code: 8532) in their trade relationship, with both sides exploring tariff reductions.
August 5, 2023
Impact: Potential tariff reductions could lower costs for US importers, boosting trade volumes, but may face opposition from domestic manufacturers concerned about market competition.
