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Global Tariffs, Categorized
🇺🇸 United States
🇨🇷 Costa Rica
📦 Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof
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United States to Costa Rica Trade Analysis for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof

Detailed tariff information for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof imports

Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof Tariff Rate

HS Code:

9%
Effective 2023-01-01
View general trade relationship between United States and Costa Rica

Trade Volume

Value
USD 45.6 million
Year
2022
Trend
Increasing by 5% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the United States-Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) for qualifying goods with proper documentation and certificate of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Costa Rica Trade Agreement Boosts Electrical Machinery Exports
A recent bilateral trade agreement between the United States and Costa Rica has reduced tariffs on electrical machines and apparatus (HS Code 8543), leading to a 12% increase in U.S. exports to Costa Rica in the third quarter of 2023.
2023-10-15
Impact: Positive impact on U.S. exporters due to reduced tariffs, increasing market access and competitiveness in Costa Rica.
Costa Rica Increases Demand for U.S.-Made Electrical Apparatus
Costa Rica's growing tech sector has driven a surge in demand for specialized electrical machines from the U.S., with imports under HS Code 8543 rising by 8% year-over-year as of September 2023.
2023-09-22
Impact: Increased demand strengthens U.S. export volumes, potentially leading to long-term trade partnerships.
Supply Chain Disruptions Affect U.S.-Costa Rica Electrical Trade
Global supply chain issues have temporarily slowed the export of electrical machines and parts (HS Code 8543) from the U.S. to Costa Rica, causing a 5% dip in trade volume during Q2 2023.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential delays in delivery and increased costs for both parties.
Policy Updates
CAFTA-DR Tariff Reduction on Electrical Machinery
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on electrical machines and apparatus (HS Code 8543) between the U.S. and Costa Rica were further reduced by 2% effective July 2023, aiming to enhance bilateral trade.
Date: 2023-07-01