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Global Tariffs, Categorized
🇺🇸 United States
🇸🇬 Singapore
📦 Hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); socket wrenches, with or without handles, drives or extensions; base metal parts thereof
🇺🇸 → 🇸🇬

United States to Singapore Trade Analysis for Hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); socket wrenches, with or without handles, drives or extensions; base metal parts thereof

Detailed tariff information for Hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); socket wrenches, with or without handles, drives or extensions; base metal parts thereof imports

Hand-operated spanners and wrenches (including torque meter wrenches but not including tap wrenches); socket wrenches, with or without handles, drives or extensions; base metal parts thereof Tariff Rate

HS Code:

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

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Stable with slight increase of 3% 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 with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Singapore Trade Agreement Boosts Tool Exports
A recent bilateral trade agreement between the US and Singapore has reduced tariffs on hand-operated spanners and wrenches (HS Code: 8204.11 and 8204.12), leading to a 15% increase in exports from the US to Singapore in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of hand tools, with increased market access and competitiveness in Singapore.
Singapore Increases Demand for US-Made Torque Wrenches
Singapore's growing industrial sector has driven a surge in demand for high-quality US-made torque meter wrenches, with imports under HS Code 8204.11 rising by 10% year-over-year.
2023-09-20
Impact: Strengthens US export volumes to Singapore, particularly for specialized tools, fostering stronger trade ties.
Supply Chain Delays Affect US Tool Exports to Singapore
Global shipping delays have temporarily disrupted the supply of socket wrenches and base metal parts (HS Code 8204.20) from the US to Singapore, causing a 5% drop in trade volume in Q3 2023.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in meeting Singapore's industrial needs.
Policy Updates
US-Singapore Free Trade Agreement Tariff Reduction
Under the US-Singapore Free Trade Agreement (USSFTA), tariffs on hand-operated spanners, wrenches, and related parts (HS Code 8204) have been reduced to 0% for qualifying goods, effective from October 1, 2023, to promote bilateral trade.
Date: 2023-10-01
Singapore Updates Import Compliance Standards for Tools
Singapore has introduced stricter quality and safety compliance standards for imported hand tools under HS Code 8204, requiring US exporters to provide additional certification starting July 15, 2023.
Date: 2023-07-15