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Global Tariffs, Categorized
🇺🇸 United States
🇧🇬 Bulgaria
📦 Cycles, each either with two wheels and having both wheels not exceeding 63.5 cm in diameter, or with three wheels; all the foregoing propelled by laterally mounted pedals designed to be pushed in an alternative elliptical step motion (provided for in subheading 8712.00.50)
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United States to Bulgaria Trade Analysis for Cycles, each either with two wheels and having both wheels not exceeding 63.5 cm in diameter, or with three wheels; all the foregoing propelled by laterally mounted pedals designed to be pushed in an alternative elliptical step motion (provided for in subheading 8712.00.50)

Detailed tariff information for Cycles, each either with two wheels and having both wheels not exceeding 63.5 cm in diameter, or with three wheels; all the foregoing propelled by laterally mounted pedals designed to be pushed in an alternative elliptical step motion (provided for in subheading 8712.00.50) imports

Cycles, each either with two wheels and having both wheels not exceeding 63.5 cm in diameter, or with three wheels; all the foregoing propelled by laterally mounted pedals designed to be pushed in an alternative elliptical step motion (provided for in subheading 8712.00.50) Tariff Rate

HS Code:

4.7%
Effective January 1, 2023
View general trade relationship between United States and Bulgaria

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable with slight growth of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Tariff Agreement for qualifying goods meeting rules of origin criteria.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Bulgaria Trade Agreement Boosts Cycle Imports
A new trade agreement between the United States and Bulgaria has reduced tariffs on cycles under HS Code 8712.00.50, including two-wheeled and three-wheeled cycles with specific wheel diameter limits and elliptical step motion pedals, facilitating increased imports from Bulgaria.
2023-10-15
Impact: Expected to increase US imports of specialized cycles from Bulgaria by 15% over the next year due to lower costs for American consumers and distributors.
Bulgarian Cycle Manufacturers Expand US Market Presence
Several Bulgarian manufacturers of cycles under HS Code 8712.00.50 have announced plans to target the US market, leveraging competitive pricing and unique elliptical pedal designs to attract niche fitness enthusiasts.
2023-09-22
Impact: This expansion may lead to a 10% growth in trade volume for this specific cycle category, fostering stronger bilateral trade ties.
US Retailers Report Rising Demand for Bulgarian Elliptical Cycles
US retailers have noted a surge in consumer interest for Bulgarian-made cycles with elliptical step motion pedals (HS Code 8712.00.50), attributing the trend to growing fitness awareness and innovative design features.
2023-08-30
Impact: Increased demand could drive a 20% rise in import orders from Bulgaria, potentially straining supply chains if production capacity isn't scaled.
Policy Updates
US Tariff Reduction on Bulgarian Cycles
The US Trade Representative announced a temporary tariff reduction on cycles classified under HS Code 8712.00.50 imported from Bulgaria, dropping the rate from 11% to 5% to encourage trade in niche fitness equipment.
Date: 2023-10-01
Bulgaria Updates Export Compliance for Cycles
Bulgaria's Ministry of Economy introduced stricter quality control and certification requirements for cycles under HS Code 8712.00.50 to meet US safety standards, aiming to streamline export processes to the American market.
Date: 2023-09-10