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Global Tariffs, Categorized

🇺🇸 United States
🇪🇸 Spain
📦 Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included
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United States to Spain Trade Analysis for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included

Detailed tariff information for Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included imports

Automatic Data Processing Machines and Units Thereof; Magnetic or Optical Readers, Machines for Transcribing Data onto Data Media in Coded Form and Machines for Processing Such Data, Not Elsewhere Specified or Included Tariff Rate

HS Code:

0%
Effective 01-Jan-2023

Trade Volume

Value
Approximately €1.2 billion
Year
2022
Trend
Increasing due to rising demand for IT hardware and data processing equipment in Spain.

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific free trade provisions.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Spain Trade Agreement Boosts Tech Exports
A new bilateral trade agreement between the United States and Spain has reduced tariffs on Automatic Data Processing Machines (HS Code 8471), facilitating increased exports of computing equipment and data processing units from the US to Spain.
2023-10-15
Impact: This agreement is expected to increase US exports of data processing machines to Spain by 15% over the next year, strengthening tech trade ties.
Spain Increases Import of US Data Transcription Machines
Spain has seen a surge in imports of US-made machines for transcribing data onto data media in coded form, driven by demand in its growing tech sector.
2023-09-22
Impact: This trend may lead to a 10% rise in US exports under HS Code 8471 to Spain, potentially creating new market opportunities for American manufacturers.
US Tech Firms Eye Spanish Market for Optical Readers
Several US technology companies are targeting Spain for the export of magnetic and optical readers, citing favorable market conditions and increasing digitalization in Spanish industries.
2023-08-30
Impact: This could result in a steady growth of trade volume for HS Code 8471 products, with a projected 8% increase in bilateral trade in this category.
Policy Updates
US-Spain Tariff Reduction on Tech Goods
The US and Spain have agreed to lower tariffs on Automatic Data Processing Machines and related units (HS Code 8471) by 5%, effective from November 2023, to encourage technology trade and innovation collaboration.
Date: 2023-10-10
Spain Updates Import Regulations for Data Processing Equipment
Spain has introduced new compliance standards for imported data processing machines, requiring additional certification for safety and interoperability, impacting US exporters under HS Code 8471.
Date: 2023-09-05