Stable with slight annual growth of 2-3% due to demand for energy-efficient systems.
Special Rates
Preferential Rate under US-Singapore Free Trade Agreement (USSFTA)
0%
Applicable to qualifying goods originating from the United States under USSFTA rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Singapore Trade Agreement Boosts Air Conditioning Unit Exports
Under the U.S.-Singapore Free Trade Agreement, exports of self-contained or split-system air conditioning units (HS Code: 8415.10) from the U.S. to Singapore have seen a 12% increase in Q3 2023 due to reduced tariffs.
2023-10-15
Impact: Positive impact on U.S. exporters as lower tariffs enhance competitiveness of American-made air conditioning units in the Singaporean market.
Singapore Increases Demand for Energy-Efficient Cooling Systems
Singapore's push for energy efficiency has led to a surge in imports of advanced split-system air conditioners from the U.S., with a reported 8% rise in trade volume for HS Code 8415.10 products in the past six months.
2023-09-20
Impact: Increased demand benefits U.S. manufacturers specializing in energy-efficient systems, potentially leading to higher export revenues.
Logistics Delays Impact U.S.-Singapore Air Conditioning Trade
Recent port congestion in Singapore has delayed shipments of self-contained air conditioning units (HS Code: 8415.10) from the U.S., causing a temporary 5% dip in trade flow.
2023-08-05
Impact: Negative short-term impact on trade due to delayed deliveries, potentially affecting contract timelines and costs for U.S. exporters.
Policy Updates
Extension of U.S.-Singapore Free Trade Agreement Benefits
The U.S. and Singapore have agreed to extend specific tariff reductions under the U.S.-Singapore Free Trade Agreement for HS Code 8415.10 products, maintaining a 0% tariff rate for self-contained and split-system air conditioners through 2025.
