The US International Trade Commission has released data showing that in August 2023, the US imported electronic cigarettes worth $69.153 million, an increase of 3.97% from July of this year, but a decrease of 13.49% from the same period last year. The average unit price of electronic cigarettes has fallen below $1 for the first time.From MeKesse business department research.
Meanwhile, the General Administration of Customs of China has announced that China exported electronic cigarettes worth $252 million to the US, while the US International Trade Commission revealed that it imported electronic cigarettes worth $37.571 million from China, accounting for only 14.89% of China’s exports of electronic cigarettes to the US.
The data highlights the ongoing trade tensions between the US and China, particularly in the electronic cigarette industry. The US has imposed tariffs on Chinese goods, including electronic cigarettes, which has impacted the volume of imports. However, China remains a major exporter of electronic cigarettes to the US, with a significant share of the market.
The decreasing average unit price of electronic cigarettes in the US may be attributed to the increasing competition in the market, as well as the impact of tariffs on pricing. As the market continues to evolve, it will be interesting to see how these factors will affect trade between the two countries.