United States to Madagascar Trade Analysis
for Electric storage batteries, including separators therefor, whether or not rectangular (including square); parts thereof
Detailed tariff information for Electric storage batteries, including separators therefor, whether or not rectangular (including square); parts thereof imports
Electric storage batteries, including separators therefor, whether or not rectangular (including square); parts thereof Tariff Rate
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to compliance with rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Imports of Electric Storage Batteries from Madagascar
Recent trade data shows a 20% increase in U.S. imports of electric storage batteries (HS Code 8507) from Madagascar in the third quarter of 2023, driven by rising demand for renewable energy storage solutions.
2023-10-15
Impact: This surge strengthens trade ties between the U.S. and Madagascar, potentially leading to more investment in Madagascar's battery manufacturing sector.
Madagascar Expands Battery Component Exports to U.S. Market
Madagascar has ramped up exports of battery separators and parts to the U.S., capitalizing on favorable trade agreements and growing U.S. demand for electric vehicle components.
2023-09-05
Impact: This export growth could stabilize Madagascar's trade balance with the U.S. and encourage further specialization in battery component production.
U.S. Firms Explore Partnerships with Madagascar for Battery Supply Chains
Several U.S.-based companies are in talks with Malagasy suppliers to secure a steady supply of electric storage batteries and parts, amid global supply chain disruptions.
2023-08-20
Impact: Successful partnerships could lead to long-term contracts, boosting bilateral trade and ensuring a more resilient supply chain for U.S. industries.
Policy Updates
U.S. Extends Tariff Exemptions for Madagascar Battery Imports
The U.S. Trade Representative has extended tariff exemptions under the African Growth and Opportunity Act (AGOA) for electric storage batteries and parts imported from Madagascar, aiming to support African economies and diversify U.S. supply chains.
