United States to Iceland Trade Analysis
for Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers
Detailed tariff information for Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers imports
Headphones and earphones, whether or not combined with a microphone, and sets consisting of a microphone and one or more loudspeakers Tariff Rate
Stable with slight growth due to demand for audio equipment in Iceland.
Special Rates
Preferential Rate (EFTA-USA Agreement)
0%
Applicable to goods originating from the United States under the European Free Trade Association (EFTA) agreements or other bilateral trade arrangements.
A recent bilateral trade agreement between the United States and Iceland has reduced tariffs on electronic goods, including headphones and earphones (HS Code: 8518.30). This is expected to increase exports from the US to Iceland.
2023-10-15
Impact: Positive impact on US exporters of headphones and earphones due to lower tariffs, potentially increasing market share in Iceland.
Icelandic Demand for US Audio Products Rises
Market reports indicate a growing demand for high-quality audio equipment in Iceland, with US brands of headphones and earphones seeing a 15% increase in imports over the past quarter.
2023-09-22
Impact: Increased demand may lead to higher export volumes from the US, benefiting manufacturers and distributors of audio equipment.
Global supply chain disruptions have temporarily slowed the export of headphones and earphones from the US to Iceland, causing delays in shipments and higher logistics costs.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential cost increases for Icelandic importers and delays in product availability.
Policy Updates
US-Iceland Tariff Reduction on Electronics
The US and Iceland have agreed to reduce tariffs on electronic goods under HS Code 8518.30 by 5%, effective from October 1, 2023, as part of a broader trade facilitation initiative.
