Stable, with minor fluctuations due to global demand for tungsten in industrial applications.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for industrial use, subject to documentation and approval by Bolivian authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Bolivia Increases Tungsten Exports to the United States Amid Rising Demand
Bolivia has ramped up its tungsten exports to the U.S. due to growing demand in the aerospace and defense sectors. Trade data indicates a 20% increase in shipments of tungsten and related articles under HS Code 8101 in the past quarter.
October 15, 2023
Impact: This surge strengthens bilateral trade ties and may lead to higher revenues for Bolivia, while ensuring a stable supply for U.S. industries reliant on tungsten for manufacturing.
U.S. Importers Face Supply Chain Delays for Bolivian Tungsten
Logistical challenges at Bolivian ports have caused delays in tungsten shipments to the U.S., affecting industries dependent on timely delivery of raw materials and scrap under HS Code 8101.
September 28, 2023
Impact: Delays could lead to temporary shortages and increased costs for U.S. manufacturers, potentially prompting a search for alternative suppliers if issues persist.
Bolivia and U.S. Discuss Trade Agreements to Boost Tungsten Market
During a recent bilateral meeting, officials from Bolivia and the U.S. explored ways to streamline tungsten trade, focusing on reducing export barriers and improving waste and scrap recycling under HS Code 8101.
August 10, 2023
Impact: If successful, these discussions could lower trade costs and increase the volume of tungsten-related goods exchanged, benefiting both economies.
Policy Updates
U.S. Updates Import Tariffs on Tungsten Products
The U.S. has revised tariffs on tungsten imports under HS Code 8101, introducing a slight reduction for raw materials from Bolivia to encourage supply diversification amid global shortages.
Date: November 1, 2023
Bolivia Implements New Export Licensing for Tungsten Scrap
Bolivia has introduced stricter export licensing requirements for tungsten waste and scrap under HS Code 8101 to ensure sustainable mining practices and prevent over-exploitation of resources.
