A recent bilateral trade agreement between the US and Thailand has reduced tariffs on electronics accessories under HS Code 8522, which includes parts and accessories for apparatus of headings 8519 or 8521. This has led to an increase in exports of audio and video equipment accessories from Thailand to the US.
2023-10-15
Impact: Positive impact on trade, with lower tariffs expected to increase Thai exports of accessories like remote controls and connectors to the US market by 15% in the next year.
Thailand Increases Production of Audio Accessories for US Market
Thai manufacturers have ramped up production of accessories such as microphones and stands for audio equipment (HS Code 8522) to meet growing demand from US retailers, driven by the recovery of the entertainment and home audio sectors.
2023-09-22
Impact: Strengthens trade flows, with Thai exporters projecting a 10% growth in shipments to the US, potentially increasing market share against competitors.
US Importers Face Supply Chain Delays for Thai Audio Accessories
Logistics bottlenecks at major Thai ports have delayed shipments of accessories for sound and video equipment (HS Code 8522) to the US, affecting inventory levels for American distributors ahead of the holiday season.
2023-08-30
Impact: Negative short-term impact on trade, with delays potentially increasing costs for US importers and affecting retail availability of products.
Policy Updates
US-Thailand Tariff Reduction on Electronics Accessories
Under a new trade pact, the US has reduced import tariffs on Thai goods classified under HS Code 8522, including accessories for audio and video equipment, from 4.5% to 2.1%. This policy aims to strengthen economic ties and boost bilateral trade.
