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Global Tariffs, Categorized
🇺🇸 United States
🇦🇱 Albania
📦 Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, antirust or anticorrosion preparations and mold release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70 percent or more by weight of petroleum oils or oils obtained from bituminous minerals
🇺🇸 → 🇦🇱

United States to Albania Trade Analysis for Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, antirust or anticorrosion preparations and mold release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70 percent or more by weight of petroleum oils or oils obtained from bituminous minerals

Detailed tariff information for Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, antirust or anticorrosion preparations and mold release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70 percent or more by weight of petroleum oils or oils obtained from bituminous minerals imports

Lubricating preparations (including cutting-oil preparations, bolt or nut release preparations, antirust or anticorrosion preparations and mold release preparations, based on lubricants) and preparations of a kind used for the oil or grease treatment of textile materials, leather, furskins or other materials, but excluding preparations containing, as basic constituents, 70 percent or more by weight of petroleum oils or oils obtained from bituminous minerals Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Albania

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the Stabilization and Association Agreement (SAA) between the EU and Albania, if goods meet origin criteria and are accompanied by appropriate documentation.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Albania Trade Agreement Boosts Lubricant Exports
A recent bilateral trade agreement between the United States and Albania has reduced tariffs on lubricating preparations (HS Code 3403), facilitating an increase in US exports of cutting-oil and anti-corrosion preparations to Albania.
2023-10-15
Impact: This agreement is expected to increase US exports of lubricating preparations to Albania by 15% over the next year, strengthening trade ties and benefiting US manufacturers.
Albania Imposes New Quality Standards on Imported Lubricants
Albania has introduced stricter quality control measures for imported lubricating preparations, including mold release and textile treatment products, affecting US exporters under HS Code 3403.
2023-09-22
Impact: US exporters may face delays and additional compliance costs, potentially reducing short-term trade volumes until certification processes are streamlined.
US Firm Expands Lubricant Supply Chain to Albania
A major US-based lubricant manufacturer announced a new distribution partnership in Albania to supply anti-rust and cutting-oil preparations, capitalizing on growing industrial demand.
2023-08-10
Impact: This partnership is likely to increase the market share of US lubricating preparations in Albania, fostering stronger economic collaboration in the industrial sector.
Policy Updates
US-Albania Tariff Reduction on HS Code 3403 Products
The United States and Albania have agreed to reduce tariffs on lubricating preparations under HS Code 3403 by 5%, effective immediately, to encourage trade in industrial lubricants and related products.
Date: 2023-10-01
Albania Updates Import Regulations for Lubricant Products
Albania has updated its import regulations, mandating additional safety and environmental certifications for lubricating preparations (HS Code 3403) to ensure compliance with EU-aligned standards.
Date: 2023-09-15