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Global Tariffs, Categorized
🇺🇸 United States
🇸🇬 Singapore
📦 Dynamic read-write random access (DRAM)
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United States to Singapore Trade Analysis for Dynamic read-write random access (DRAM)

Detailed tariff information for Dynamic read-write random access (DRAM) imports

Dynamic read-write random access (DRAM) Tariff Rate

HS Code:

0%
Effective 01-Jan-2023
View general trade relationship between United States and Singapore

Trade Volume

Value
USD 1.2 billion
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

Preferential Rate under US-Singapore Free Trade Agreement (USSFTA)
0%
Applicable to qualifying goods originating from the United States under the USSFTA. Requires Certificate of Origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Singapore DRAM Trade Sees Growth Amid Tech Demand
Increased demand for semiconductor components, particularly DRAM, has led to a 15% rise in exports from Singapore to the US in Q3 2023, driven by tech industry needs for AI and cloud computing.
October 10, 2023
Impact: Positive impact on bilateral trade with potential for sustained growth as tech sectors expand; may encourage further investment in semiconductor production.
Singapore Strengthens DRAM Supply Chain to US Market
Singaporean manufacturers have ramped up DRAM production to meet US market shortages, with key firms signing long-term supply agreements with American tech companies.
September 5, 2023
Impact: Strengthens supply chain reliability for US firms, potentially reducing costs and stabilizing DRAM prices in the short term.
US Importers Face Delays in DRAM Shipments from Singapore
Logistical challenges at Singaporean ports have caused delays in DRAM shipments to the US, affecting delivery timelines for several major electronics manufacturers.
August 20, 2023
Impact: Negative short-term impact on US importers, with potential cost increases and production delays; may prompt diversification of supply sources.
Policy Updates
US-Singapore Free Trade Agreement Review on Semiconductor Trade
The US and Singapore have initiated a review of the US-Singapore Free Trade Agreement (USSFTA) to address tariff structures and trade facilitation for semiconductors, including DRAM, aiming to reduce barriers and enhance cooperation.
Date: September 15, 2023
Singapore Announces Export Incentives for High-Tech Goods
Singapore's government introduced new export incentives for high-tech products like DRAM, offering tax rebates and grants to boost shipments to key markets like the US.
Date: August 1, 2023