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Global Tariffs, Categorized
🇺🇸 United States
🇬🇾 Guyana
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
🇺🇸 → 🇬🇾

United States to Guyana Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Guyana

Trade Volume

Value
USD 2.5 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

CARICOM Preferential Rate
0%
Applicable to imports from CARICOM member states; does not apply to imports from the United States unless under specific trade agreements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Increases Exports of Data Processing Machines to Guyana
The U.S. reported a significant rise in exports of automatic data processing machines (HS Code 8471) to Guyana, driven by growing demand for IT infrastructure in the region.
2023-10-15
Impact: This increase strengthens trade ties and supports Guyana's digital transformation, potentially leading to higher future demand for U.S. technology products.
Guyana Seeks U.S. Technology for Oil Sector Data Management
Guyana's expanding oil industry has led to a surge in demand for data processing units and magnetic readers from the U.S. to manage large-scale data operations.
2023-09-20
Impact: This trend is expected to boost U.S. exports under HS Code 8471, fostering deeper economic collaboration in technology sectors.
Trade Agreement Discussions Include Tech Equipment
Recent bilateral talks between the U.S. and Guyana highlighted the inclusion of automatic data processing machines in potential trade agreements to support Guyana's modernization efforts.
2023-08-05
Impact: If finalized, this could reduce tariffs and increase the volume of tech equipment exports from the U.S. to Guyana.
Policy Updates
U.S. Trade Facilitation for Guyana Tech Imports
The U.S. government announced streamlined customs procedures for exports of data processing equipment (HS Code 8471) to Guyana, aiming to reduce delays and encourage trade.
Date: 2023-09-10
Guyana Reduces Import Duties on Data Processing Machines
Guyana's Ministry of Finance introduced a temporary reduction in import duties on automatic data processing machines and related equipment to support local businesses and digital growth.
Date: 2023-07-25