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Global Tariffs, Categorized
🇺🇸 United States
🇱🇾 Libya
📦 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 Libya 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 Libya

Trade Volume

Value
USD 2.5 million
Year
2022
Trend
Stable with slight increase from previous year

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for government-approved projects; requires documentation.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Tech Exports to Libya Amid Stabilization Efforts
The United States has ramped up exports of automatic data processing machines and related equipment to Libya as part of efforts to support digital infrastructure development in the region. This includes magnetic readers and data transcription machines under HS Code 8471.
2023-10-15
Impact: This increase in exports is expected to strengthen bilateral trade ties and support Libya's technological advancement, potentially opening new markets for US tech firms.
Libya Seeks US Tech Imports for Government Modernization
Libyan authorities have expressed interest in importing advanced data processing units and optical readers from the US to modernize government operations, focusing on items classified under HS Code 8471.
2023-09-22
Impact: This demand could lead to a surge in US exports to Libya, fostering economic cooperation, though challenges remain due to political instability in the region.
US-Libya Trade Talks Highlight Data Processing Equipment
Recent trade discussions between US and Libyan officials emphasized the export of automatic data processing machines and related technologies to support Libya's rebuilding efforts post-conflict.
2023-08-10
Impact: These talks may result in reduced trade barriers and increased export volumes of HS Code 8471 goods, benefiting US manufacturers while aiding Libya's recovery.
Policy Updates
US Eases Export Controls on Tech to Libya
The US Department of Commerce has updated export control policies, loosening restrictions on certain automatic data processing machines and units (HS Code 8471) to Libya, aiming to support the country's economic recovery while maintaining security oversight.
Date: 2023-07-05