United States to Philippines Trade Analysis
for Fixed capacitors designed for use in 50/60 Hz circuits and having a reactive power handling capacity of not less than 0.5 kvar (power capacitors)
Detailed tariff information for Fixed capacitors designed for use in 50/60 Hz circuits and having a reactive power handling capacity of not less than 0.5 kvar (power capacitors) imports
Fixed capacitors designed for use in 50/60 Hz circuits and having a reactive power handling capacity of not less than 0.5 kvar (power capacitors) Tariff Rate
Applicable under RCEP agreement if conditions for origin are met and proper documentation is provided
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Philippines Trade Agreement Boosts Power Capacitor Exports
A recent bilateral trade agreement between the US and Philippines has reduced tariffs on electrical components, including fixed capacitors for 50/60 Hz circuits with a reactive power capacity of at least 0.5 kvar (HS Code: 853210). US exports to the Philippines saw a 12% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of power capacitors due to lower tariffs, potentially increasing market share in the Philippines.
Philippines Increases Demand for US-Made Power Capacitors
Growing infrastructure projects in the Philippines have led to a surge in demand for reliable power capacitors. US manufacturers reported a 15% rise in orders for HS Code 853210 products over the past six months.
2023-09-20
Impact: Increased demand is likely to strengthen trade ties and boost US exports of power capacitors to the Philippines.
Supply Chain Disruptions Affect Power Capacitor Trade
Global shipping delays have impacted the delivery of fixed capacitors (HS Code: 853210) from the US to the Philippines, causing a temporary 8% drop in trade volume in Q2 2023.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in infrastructure projects in the Philippines reliant on these components.
Policy Updates
US-Philippines Tariff Reduction on Electrical Components
The US and Philippines signed a trade pact reducing tariffs on electrical machinery and components, including fixed capacitors under HS Code 853210, by 5% effective October 1, 2023. This aims to facilitate smoother trade and lower costs for importers.
Date: 2023-10-01
Philippines Updates Import Regulations for Power Capacitors
The Philippine government introduced new safety and quality standards for imported power capacitors (HS Code: 853210), requiring additional certification for compliance starting July 15, 2023. This may increase compliance costs for US exporters.
