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Global Tariffs, Categorized
🇺🇸 United States
🇧🇬 Bulgaria
📦 Of an output not exceeding 40 MW
🇺🇸 → 🇧🇬

United States to Bulgaria Trade Analysis for Of an output not exceeding 40 MW

Detailed tariff information for Of an output not exceeding 40 MW imports

Of an output not exceeding 40 MW Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Bulgaria

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight growth of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP provisions if criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Bulgaria Trade Agreement Boosts Machinery Exports
A new bilateral trade agreement between the United States and Bulgaria has reduced tariffs on machinery, including equipment with an output not exceeding 40 MW (HS Code: 841181). This has led to a 15% increase in US exports to Bulgaria in this category over the past quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in Bulgaria for machinery under 40 MW output.
Bulgaria Increases Demand for US Energy Equipment
Bulgaria's push for renewable energy infrastructure has driven a surge in imports of US-made turbines and generators with output not exceeding 40 MW. Trade data shows a 20% rise in shipments from the US in the last six months.
2023-09-20
Impact: Increased demand in Bulgaria offers growth opportunities for US manufacturers of energy equipment in this HS category.
Supply Chain Disruptions Affect US-Bulgaria Machinery Trade
Global supply chain issues have delayed shipments of machinery (HS Code: 841181) from the US to Bulgaria, causing a temporary 10% drop in trade volume for equipment with output not exceeding 40 MW in Q2 2023.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in project timelines for Bulgarian buyers relying on US equipment.
Policy Updates
US-Bulgaria Tariff Reduction on Machinery
The US and Bulgaria finalized a tariff reduction agreement effective October 1, 2023, lowering duties on machinery with output not exceeding 40 MW (HS Code: 841181) from 5% to 2%. This policy aims to strengthen trade ties and support Bulgaria's energy sector development.
Date: 2023-10-01
Bulgaria Updates Import Regulations for Energy Equipment
Bulgaria introduced new safety and environmental compliance standards for imported machinery, including equipment under 40 MW output. US exporters must now provide additional certification to meet these requirements, effective from July 15, 2023.
Date: 2023-07-15