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Lithium Battery Sales
Coming in a wide range of shapes, sizes and voltages, lithium batteries generally last much longer and can deliver up to twice the power of traditional zinc-carbon and alkaline batteries.
Specialized lithium-iodide batteries used in implanted electronic medical devices like artificial pacemakers designed to perform for up to 15 years or more. Other lithium batteries are used in many portable consumer devices including notebook computers, digital cameras and watches. Lithium cells also power wireless alarm and remote car lock systems.
Larger lithium batteries power electronic and hybrid vehicles, and are therefore touted as an environmentally friendly solution that will lessen consumer dependence on more harmful fossil fuels.
Sales of Imported Lithium Batteries in 2008
During 2008, sales of lithium batteries imported into Canada fell 8.3% to US$47.6 million. The following 10 countries generated 98% of that total.
United States … US$21.6 million (45.3% of imported lithium batteries such as Fujitsu FPCBP83 Battery, Fujitsu FPCBP85 Battery and Fujitsu FPCBP86 Battery, down 5.7% from 2007)
Japan … $10.2 million (21.4% of total, down 23.1%)
China … $4.2 million (8.8% of total, up 17.2%)
United Kingdom … $3.3 million (6.8% of total, down 9.5%)
France … $2.4 million (5.1% of total, up 44%)
Israel … $2.3 million (4.9% of total, down 46.9%)
South Korea … $1.3 million (2.7% of total, up 186.7%)
Germany … $579,856 (1.2% of total, up 37.8%)
Taiwan … $443,400 (0.9% of total, up 72%)
Indonesia … $307,018 (0.65% of total, down 2.9%).
America, Japan and China accounted for 75.5% of those sales.
Sales of Exported Lithium Batteries in 2008
Canadian exports of lithium primary cells and batteries were flat in 2008 at $32.8 million, down a mere $66,000 from 2007. The top 10 countries that bought lithium batteries from Canada generated 88.5% of overall Canadian lithium battery exports.
United States … US$22.9 million (70% of imported lithium batteries, up 34% from 2007)
France … $1.3 million (3.9% of total, up 52.8%)
China … $979,684 (3% of total, up 40.1%)
Germany … $692,713 (2.11% of total, up 34.4%)
India … $683,114 (2.08% of total, up 118.3%)
United Kingdom … $604,923 (1.8% of total, down 92.2%)
South Africa … $528,843 (1.6% of total, up 579.1%)
Australia … $528,004 (1.6% of total, down 69.2%)
Panama … $417,057 (1.3% of total, up 153.9%)
Thailand … $349,649 (1.1% of total, up 1,288%).
America is by far the largest customer for Canadian lithium battery exports, consuming over two-thirds of Canada’s lithium battery shipments. Canada grew sales of its lithium batteries to 8 of the above top 10 trade partners.
Tariff Duties on Imported Lithium Batteries
The international harmonized system code for lithium batteries is 850650.
Canada Border Services Agency imposes a 7% customs tariff duty on lithium batteries unable to receive welded connectors and not for use in electronic lock systems. The tariff would apply to most lithium batteries, such as those used in computers, cameras and electric cars and trucks.
However, any country that has signed a preferential tariff with Canada will not be subject to the 7% excise tax. For example, lithium batteries exported from America into Canada are duty free under the United States Tariff (UST).
No tariff duties are payable on lithium batteries able to hold welded connectors and that are for electronic lock systems, regardless of the country of origin.
Competitive Advantages in Lithium Battery Sales
Canada was a net exporter of lithium batteries to the U.S. in 2008, with $1.4 million more in exported lithium battery sales than imported lithium battery purchases from America. Similarly, Canada sold $112,857 more lithium battery cells to Germany than German exporters shipped to Canada.
The fact that Canada was a net exporter in lithium batteries to the U.S. and Germany shows that Canada had competitive advantages in international trade over these 2 nations.
However, Canada was a net importer of lithium batteries from China ($3.2 million lesser sales than purchases), the U.K. ($2.6 million lesser) and France ($1.1 million lesser).
Overall, Canada exported $32.8 million worth of lithium batteries around the world while importing $47.6 million of that same product from other countries.
For future financial success in international trade, Canada needs to grow export sales of Canadian lithium batteries with its global trade partners much faster than the current rate of improvement.
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Worth Lithium Edge Prodigy SLP102 Big Barrel Baseball Bat – JustBats.com
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