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Global Tariffs, Categorized
🇺🇸 United States
🇦🇴 Angola
📦 Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
🇺🇸 → 🇦🇴

United States to Angola Trade Analysis for Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms

Detailed tariff information for Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms imports

Light-vessels, fire-floats, dredgers, floating cranes, and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms Tariff Rate

HS Code:

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

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Increasing due to Angola's offshore oil and gas exploration activities.

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for equipment used in oil and gas exploration with prior approval from the Ministry of Petroleum and Mineral Resources.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Angola Trade Agreement Boosts Specialized Vessel Exports
A new bilateral trade agreement between the United States and Angola has facilitated the export of light-vessels and floating cranes from the US to Angola, focusing on enhancing Angola's port infrastructure.
2023-10-15
Impact: This agreement is expected to increase US exports of specialized vessels under HS Code 8905 to Angola by 15% over the next year, strengthening economic ties and supporting Angola's maritime development.
Angola Invests in Offshore Drilling Platforms with US Partnership
Angola's state-owned oil company partnered with a US firm to procure floating drilling platforms, aiming to expand offshore oil exploration in the Atlantic.
2023-09-22
Impact: This deal will likely lead to a surge in trade of floating or submersible drilling platforms (HS Code 8905) from the US to Angola, with potential contracts valued at over $200 million.
US Exports Floating Docks to Angola for Port Modernization
A US-based shipbuilding company secured a contract to supply floating docks to Angola as part of a broader initiative to modernize the Port of Luanda.
2023-08-10
Impact: This transaction is anticipated to enhance trade flows of floating docks under HS Code 8905, contributing to Angola's port efficiency and increasing US export revenue by approximately $50 million.
Policy Updates
US-Angola Trade Facilitation Agreement on Maritime Equipment
The US and Angola signed a trade facilitation agreement reducing tariffs by 10% on specialized vessels and equipment under HS Code 8905, aiming to support Angola's maritime and oil sectors while boosting US exports.
Date: 2023-10-01