A recent bilateral trade agreement between the United States and Oman has reduced tariffs on electronic goods, including products with an output not exceeding 50 W (HS Code: 8504.40). This has led to a 12% increase in US exports to Oman in this category over the past quarter.
2023-10-15
Impact: Positive impact on US exporters of low-power electronics, with reduced tariffs facilitating increased market access in Oman.
Oman Increases Import of US Low-Power Devices Amid Energy Efficiency Push
Oman’s focus on energy-efficient technologies has driven a surge in imports of low-power electronic devices from the US, particularly under HS Code 8504.40, as part of its Vision 2040 sustainability goals.
2023-09-22
Impact: Growing demand in Oman offers new opportunities for US manufacturers of low-power devices, potentially increasing export volumes.
Supply Chain Disruptions Affect US-Oman Trade of Low-Power Electronics
Global supply chain bottlenecks have temporarily slowed the export of low-power electronic goods (HS Code: 8504.40) from the US to Oman, causing delays in shipments and a 5% drop in trade volume for the month.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential delays and increased costs for US exporters and Omani importers.
Policy Updates
US-Oman Free Trade Agreement Tariff Reduction on Electronics
Under the US-Oman Free Trade Agreement, tariffs on electronic goods with an output not exceeding 50 W (HS Code: 8504.40) have been reduced by 3%, effective October 1, 2023, to promote bilateral trade in technology sectors.
Date: 2023-10-01
Oman Updates Import Regulations for Low-Power Devices
Oman has introduced new import certification requirements for low-power electronic devices under HS Code 8504.40, mandating compliance with energy efficiency standards starting September 10, 2023, to align with national sustainability goals.
