Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate under US-Thailand Trade Agreements
0%
Applicable under the US-Thailand bilateral trade agreements or ASEAN-US frameworks if criteria for origin are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Tungsten Imports from Thailand Amid Supply Chain Diversification
The United States has ramped up imports of tungsten and related articles (HS Code: 8101) from Thailand to reduce reliance on traditional suppliers like China. Trade data shows a 20% increase in imports year-over-year.
2023-10-15
Impact: This shift could strengthen bilateral trade ties between the US and Thailand, potentially leading to more stable tungsten supply chains for US industries like aerospace and defense.
Thailand Expands Tungsten Scrap Exports to US Under New Trade Agreement
Thailand has started exporting higher volumes of tungsten waste and scrap to the US following a bilateral trade agreement aimed at promoting recycling and resource recovery. US manufacturers are benefiting from cost-effective raw materials.
2023-09-22
Impact: This development may lower production costs for US companies while boosting Thailand’s recycling industry, though it could face scrutiny over environmental standards.
Recent port delays and shipping disruptions have impacted the timely delivery of tungsten products and scrap from Thailand to the US, causing temporary shortages for some US manufacturers.
2023-08-30
Impact: These disruptions could lead to short-term price volatility for tungsten in the US market and may prompt companies to seek alternative suppliers or invest in domestic production.
Policy Updates
US Updates Tariff Classification for Tungsten Imports
The US Customs and Border Protection agency has issued a new ruling on the classification of tungsten articles under HS Code 8101, aiming to streamline import processes and ensure accurate duty assessments for goods from Thailand and other countries.
Date: 2023-10-01
Thailand Introduces Export Incentives for Tungsten Scrap
Thailand’s government has rolled out tax incentives for exporters of tungsten waste and scrap to encourage sustainable trade practices and strengthen economic ties with key partners like the US.
