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Global Tariffs, Categorized
🇺🇸 United States
🇻🇨 Saint Vincent and the Grenadines
📦 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 Saint Vincent and the Grenadines 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 Saint Vincent and the Grenadines

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

CARICOM Preferential Rate
0%
Applicable to imports from CARICOM member states; does not apply to imports from the United States unless under specific trade agreements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increased Export of Data Processing Machines from US to Saint Vincent and the Grenadines
Recent trade data indicates a 20% increase in the export of automatic data processing machines (HS Code 8471) from the United States to Saint Vincent and the Grenadines in Q3 2023, driven by rising demand for IT infrastructure.
2023-09-15
Impact: This surge is expected to strengthen bilateral trade ties and support technological advancements in Saint Vincent and the Grenadines.
US Tech Firms Expand Market Presence in Saint Vincent and the Grenadines
Several US-based technology companies have reported new contracts for supplying data processing units and magnetic readers to businesses in Saint Vincent and the Grenadines, boosting trade under HS Code 8471.
2023-08-10
Impact: This expansion may lead to increased competition and innovation in the local market, potentially lowering costs for consumers.
Saint Vincent and the Grenadines Reports Growth in IT Imports from US
Official statistics from Saint Vincent and the Grenadines show a steady rise in imports of data processing machines and related equipment from the US, reflecting a push towards digital transformation.
2023-07-05
Impact: This trend could enhance digital capabilities in the region but may also increase dependency on US technology imports.
Policy Updates
US-Saint Vincent Trade Agreement Review
The United States and Saint Vincent and the Grenadines have initiated a review of their trade agreements, focusing on tariff reductions for technology products under HS Code 8471 to facilitate smoother trade.
Date: 2023-06-20
Saint Vincent and the Grenadines Introduces New Import Guidelines
Saint Vincent and the Grenadines has updated import regulations for data processing equipment, requiring stricter compliance with safety and technical standards for goods under HS Code 8471.
Date: 2023-05-15