Stable with slight increase due to growing demand for electronics in Libya
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for approved industrial projects; requires documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited DRAM Trade Activity Between US and Libya Reported
Recent trade data indicates minimal to no significant transactions of Dynamic Random Access Memory (DRAM) products (HS Code: 8542.32) between the United States and Libya, attributed to ongoing political instability and limited technological infrastructure in Libya.
2023-10-15
Impact: Negligible impact on US DRAM exports due to the small market size and lack of demand in Libya.
US Export Controls Tighten on High-Tech Goods to Libya
The US Department of Commerce has reiterated restrictions on high-tech exports, including DRAM chips, to certain regions including Libya, citing national security concerns amidst regional conflicts.
2023-08-22
Impact: Potential reduction in any existing or future DRAM trade due to stricter export licensing requirements.
Libya's Tech Sector Struggles Impact DRAM Imports
Libya's ongoing economic challenges and limited tech sector growth have resulted in virtually no recorded imports of DRAM components from the United States, as per recent trade statistics.
2023-06-10
Impact: Continued low demand from Libya ensures minimal influence on US DRAM export markets.
Policy Updates
US Export Administration Regulations Update for Libya
The US Bureau of Industry and Security (BIS) updated the Export Administration Regulations (EAR), maintaining strict controls on electronic components like DRAM (HS Code: 8542.32) to Libya under the Country Group E:1 designation, requiring licenses for most exports.
