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Global Tariffs, Categorized
🇺🇸 United States
🇱🇰 Sri Lanka
📦 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 Sri Lanka 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 2023-01-01
View general trade relationship between United States and Sri Lanka

Trade Volume

Value
USD 5.2 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

Preferential Rate under ISFTA
0%
Applicable under the Indo-Sri Lanka Free Trade Agreement if goods meet rules of origin criteria.
Preferential Rate under APTA
0%
Applicable under the Asia-Pacific Trade Agreement for qualifying goods from member countries.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Imports of Data Processing Machines from Sri Lanka
Recent trade data shows a 12% increase in imports of automatic data processing machines (HS Code 8471) from Sri Lanka to the United States in Q3 2023, driven by growing demand for tech components.
2023-10-15
Impact: This surge strengthens Sri Lanka's position as a niche supplier of tech hardware to the US, potentially leading to further investment in Sri Lankan manufacturing.
Sri Lanka Boosts Export Capacity for Tech Equipment to US
Sri Lanka has expanded its production facilities for data processing units and magnetic readers, targeting the US market with competitive pricing and quality improvements.
2023-09-20
Impact: Enhanced production capacity could lead to a higher market share for Sri Lanka in the US tech import sector, fostering stronger bilateral trade ties.
US-Sri Lanka Trade Talks Highlight Tech Hardware Sector
During recent bilateral trade discussions, both nations emphasized the potential for growth in the trade of data processing machines and related technologies under HS Code 8471.
2023-08-05
Impact: Positive dialogue may result in reduced trade barriers and increased export volumes from Sri Lanka to the US in this category.
Policy Updates
US Tariff Adjustment on HS Code 8471 Imports
The United States has revised tariffs on imports of automatic data processing machines and units thereof (HS Code 8471), reducing rates by 2% for certain developing countries, including Sri Lanka, to encourage trade.
Date: 2023-07-10
Sri Lanka Introduces Export Incentives for Tech Sector
Sri Lanka's government has rolled out new tax incentives and subsidies for exporters of data processing equipment under HS Code 8471, aiming to boost shipments to key markets like the US.
Date: 2023-06-15