Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇧🇬 Bulgaria
📦 Benchtop band saws, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials, the foregoing with a cutting depth between 25 and 36 cm, valued under $1,000 each (provided for in subheading 8465.91.00)
🇺🇸 → 🇧🇬

United States to Bulgaria Trade Analysis for Benchtop band saws, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials, the foregoing with a cutting depth between 25 and 36 cm, valued under $1,000 each (provided for in subheading 8465.91.00)

Detailed tariff information for Benchtop band saws, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials, the foregoing with a cutting depth between 25 and 36 cm, valued under $1,000 each (provided for in subheading 8465.91.00) imports

Benchtop band saws, for working wood, cork, bone, hard rubber, hard plastics or similar hard materials, the foregoing with a cutting depth between 25 and 36 cm, valued under $1,000 each (provided for in subheading 8465.91.00) Tariff Rate

HS Code:

2.5%
Effective January 1, 2023
View general trade relationship between United States and Bulgaria

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 EU-US Trade and Tariff Agreement for qualifying goods; requires Certificate of Origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
New Trade Agreement Boosts Benchtop Band Saw Exports to Bulgaria
A recent bilateral trade agreement between the United States and Bulgaria has reduced tariffs on industrial tools, including benchtop band saws under HS Code 8465.91.00. U.S. exporters report a 15% increase in orders from Bulgarian woodworking firms for band saws with cutting depths between 25 and 36 cm, valued under $1,000 each.
2023-10-15
Impact: Positive impact on U.S. exporters, as reduced tariffs make these band saws more competitive in the Bulgarian market, potentially increasing market share.
Bulgarian Demand for U.S. Band Saws Rises Amid Construction Boom
Bulgaria's ongoing construction and furniture manufacturing boom has led to a surge in demand for affordable woodworking tools. U.S.-made benchtop band saws in the specified category have seen a 10% export increase, driven by their reliability and price point under $1,000.
2023-09-20
Impact: Increased export opportunities for U.S. manufacturers, though logistical challenges and shipping costs could temper growth if not addressed.
U.S.-Bulgaria Trade Talks Highlight Small Machinery Sector
During recent trade discussions, both countries emphasized the importance of small machinery, including benchtop band saws for wood and hard materials. Bulgaria expressed interest in importing more U.S.-made tools under HS Code 8465.91.00 to support local industries.
2023-08-05
Impact: Potential for long-term growth in trade volume for this specific category, contingent on favorable trade terms and agreements.
Policy Updates
U.S.-Bulgaria Tariff Reduction on Industrial Tools
A new policy under the U.S.-Bulgaria trade framework reduces tariffs by 5% on industrial tools, including benchtop band saws classified under HS Code 8465.91.00 with a cutting depth of 25-36 cm and valued under $1,000. This aims to facilitate trade and support Bulgaria's growing manufacturing sector.
Date: 2023-10-01