Stable with slight increase of 2% compared to 2021
Special Rates
Free Trade Agreement
0%
Applicable under the US-Hong Kong trade agreements; no specific conditions for buckles and buckle clasps.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import Demand for Buckles from Hong Kong Amid Fashion Industry Growth
The U.S. fashion and accessories sector has seen a surge in demand for buckles and buckle clasps, with Hong Kong exporters reporting a 12% increase in shipments to the U.S. in the last quarter.
2023-10-15
Impact: This trend is likely to strengthen trade ties and increase export revenues for Hong Kong manufacturers, though it may face challenges if U.S. tariffs on accessories rise.
Hong Kong Buckle Manufacturers Adapt to U.S. Sustainability Standards
Several Hong Kong-based buckle manufacturers are adopting eco-friendly materials to meet new U.S. sustainability requirements for imported accessories, ensuring continued market access.
2023-09-22
Impact: Compliance with U.S. standards could increase production costs for Hong Kong exporters but may also secure long-term contracts with U.S. buyers prioritizing sustainability.
Logistics Delays Impact U.S.-Hong Kong Buckle Trade
Ongoing port congestion and shipping delays have slowed the delivery of buckle clasps and parts from Hong Kong to the U.S., affecting supply chains for American apparel brands.
2023-08-30
Impact: Delays may lead to temporary shortages in the U.S. market, potentially increasing costs for retailers and prompting a search for alternative suppliers.
Policy Updates
U.S. Customs Updates Classification Guidelines for Buckles
U.S. Customs and Border Protection issued new guidelines for the classification of buckles and parts under HS Code 8308, aiming to streamline import processes and reduce misclassification errors for goods from Hong Kong and other regions.
Date: 2023-09-10
Hong Kong Revises Export Documentation for Metal Accessories
Hong Kong authorities introduced stricter export documentation requirements for metal accessories, including buckles, to enhance traceability and compliance with international trade agreements, impacting shipments to the U.S.
