Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate under US-SA Trade Agreement
0%
Applicable under the African Growth and Opportunity Act (AGOA) for qualifying goods from the United States, subject to rules of origin and documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-South Africa Trade Agreement on Small Components
A new bilateral trade agreement has been signed between the US and South Africa, facilitating the export of small components under HS Code (specific code for items with length <25.4 mm and diameter <1.65 mm) with reduced tariffs.
2023-10-15
Impact: This agreement is expected to increase the volume of trade for these specific components by 15% over the next year, benefiting US manufacturers and South African importers.
South Africa Increases Demand for US Micro-Components
South African tech industries have reported a surge in demand for US-made micro-components (length <25.4 mm, diameter <1.65 mm), leading to a 10% rise in imports from the US in Q3 2023.
2023-09-20
Impact: This demand spike strengthens US export markets, particularly for small-scale precision manufacturers, while South African firms gain access to high-quality components.
Logistics Challenges Impact US-South Africa Component Trade
Recent port delays in South Africa have slowed the delivery of US-exported micro-components under HS Code (specific code), causing a backlog of orders for items with length <25.4 mm and diameter <1.65 mm.
2023-08-05
Impact: Trade flow disruptions may lead to temporary shortages in South Africa and revenue losses for US exporters if logistical issues persist.
Policy Updates
US Tariff Reduction on Micro-Components to South Africa
The US Trade Representative announced a 5% tariff reduction on exports of specific micro-components (length <25.4 mm, diameter <1.65 mm) to South Africa under the African Growth and Opportunity Act (AGOA), effective immediately.
Date: 2023-10-01
South Africa Revises Import Duties on Small Components
South Africa updated its import duty structure, lowering duties by 3% on US-origin micro-components (length <25.4 mm, diameter <1.65 mm) to encourage technology sector growth.
