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building materials  OPPORTUNITIES FOR THE U.S. BUILDING MATERIALS SECTOR
 Trans-Pacific Partnership

U.S. Building Products Exporters Currently Face Barriers in New TPP Markets**


$1.5 Billion
in U.S. Building Products Exports to New TPP Markets in 2014


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

753,000 U.S. Building Products Workers in 2014


$256.1 Billion
in U.S. Production in 2013


$46.4 Billion in U.S. Building Products Exports to the World in 2014


U.S. Building Products Exports to the World Grew by 52% between 2009-2014


62%
of Total U.S. Building Products Exports to the World in 2014 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

Key Market Access Benefits

Japan will eliminate import taxes on 99.7% of U.S. building products exports immediately

Malaysia will eliminate import taxes on 86.6% of U.S. building products exports within 4 years

New Zealand will eliminate import taxes on 92.1% of U.S. building products exports immediately

Vietnam will eliminate import taxes on 98.2% of U.S. building products exports within 4 years

New TPP Partners are Significant Markets for
U.S. Building Products Exports

Japan $1.1 Billion
Malaysia $295 Million
Vietnam $78 Million
New Zealand $66 Million
Brunei $4 Million

U.S. Building Products Exports Currently Face
High Barriers in New TPP Markets...

tariff

...Which Will Be Eliminated Under TPP.

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.


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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

aerospaceJapan - 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.

trainMalaysia - 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.

divider

The International Trade Administration, U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. This site contains PDF documents. A PDF reader is available from Adobe Systems Incorporated.