U.S. Building Products Exporters Currently Face Barriers in New TPP Markets**
$1.7 Billion in U.S. Building Products Exports to New TPP Markets in 2015
U.S. Building Products Exports Face Tariffs in New TPP Markets up to 60%
An Estimated $78 Million in Duties are Levied on U.S. Exports of Building Products in New TPP Markets Every Year
Importance of the U.S. Building Products Sector
758,000 U.S. Building Products Workers in 2015
$269.2 Billion in U.S. Production in 2014
$43.4 Billion in U.S. Building Products Exports to the World in 2015
U.S. Building Products Exports to the World Grew by 42% between 2009-2015
61% of Total U.S. Building Products Exports to the World in 2015 Went to the TPP Region
The Building Products Sector includes products such as electrical circuitry equipment and parts, lumber, pumps and compressors, HVAC equipment, and fiberglass insulation
92.0% of U.S.Building Products Exports to New
TPP Markets will Enjoy Duty-Free Access Immediately
(Share of Exports by Tariff Elimination Basket)
Percentages rounded up to nearest whole number.
Move the slider to see the percentage of goods that will become
duty-free over a certain amount of time
Opportunities for Select U.S. Building Products Exports
Japan - Wooden Building Materials
Japanís wooden housing market is the largest in the world outside the United States, and accounts for an estimated 85% of wood use in Japan. In Japan, tariffs on wood products increase with the level of value added or processing inherent in the productís manufacture. As such, tariffs on wooden building products range as high as 10% in Japan. Under TPP, those tariffs will be eliminated.
Malaysia - Heating, Cooling, Plumbing
Top U.S. building product exports to Malaysia include electrical switches and wiring; plate glass; nails, screws, bolts and other fasteners; and heating, cooling, and plumbing systems. Some of these products face tariffs as high as 30% into Malaysia. Under TPP, all of these products will become duty free, with most tariffs being eliminated immediately.
• For more information on the HS lines included in this sector report, please see this document.
* TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam
For more information on the methods and calculations used, please see this guide.
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