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Global Tariffs, Categorized
🇺🇸 United States
🇸🇬 Singapore
📦 Sound recordings, combination sound and visual recordings, and magnetic recordings; video discs, video tapes and similar articles
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United States to Singapore Trade Analysis for Sound recordings, combination sound and visual recordings, and magnetic recordings; video discs, video tapes and similar articles

Detailed tariff information for Sound recordings, combination sound and visual recordings, and magnetic recordings; video discs, video tapes and similar articles imports

Sound recordings, combination sound and visual recordings, and magnetic recordings; video discs, video tapes and similar articles Tariff Rate

HS Code:

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

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight growth of 2% 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, subject to Rules of Origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Singapore Trade Agreement Boosts Media Exports
A recent bilateral trade agreement between the US and Singapore has reduced tariffs on sound and video recordings (HS Code 8523), facilitating increased exports of US media products to Singapore.
2023-10-15
Impact: This is expected to increase the volume of trade in sound recordings and video discs by 15% over the next year, benefiting US exporters and Singaporean consumers with lower prices.
Singaporean Demand for US Video Content Surges
Singapore's growing entertainment sector has led to a spike in imports of US video tapes and discs, with trade data showing a 20% increase in the first half of 2023.
2023-09-20
Impact: This surge strengthens US-Singapore trade ties in the media sector, potentially encouraging further investments in content distribution networks.
New Digital Media Partnership Announced
A partnership between US tech firms and Singaporean distributors aims to streamline the supply chain for magnetic recordings and digital video content under HS Code 8523.
2023-08-05
Impact: This collaboration is likely to enhance trade efficiency, reduce costs, and increase the availability of niche media products in both markets.
Policy Updates
US-Singapore Free Trade Agreement Amendment
An amendment to the US-Singapore Free Trade Agreement (USSFTA) now includes specific provisions for zero tariffs on digital media products under HS Code 8523, including sound and video recordings.
Date: 2023-10-01
Singapore Updates Import Regulations for Media Products
Singapore has revised its import licensing requirements for video discs and magnetic recordings, simplifying customs procedures to align with international standards and facilitate smoother trade with the US.
Date: 2023-07-15