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Global Tariffs, Categorized
🇺🇸 United States
🇨🇾 Cyprus
📦 Radiobroadcast receivers not capable of operating without an external source of power, of a kind used in motor vehicles
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United States to Cyprus Trade Analysis for Radiobroadcast receivers not capable of operating without an external source of power, of a kind used in motor vehicles

Detailed tariff information for Radiobroadcast receivers not capable of operating without an external source of power, of a kind used in motor vehicles imports

Radiobroadcast receivers not capable of operating without an external source of power, of a kind used in motor vehicles Tariff Rate

HS Code:

4.2%
Effective 2023-01-01
View general trade relationship between United States and Cyprus

Trade Volume

Value
€1.2 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Tariff Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Cyprus Trade Agreement Boosts Automotive Parts Sector
A recent bilateral trade agreement between the United States and Cyprus includes provisions to facilitate the export of radiobroadcast receivers for motor vehicles (HS Code: 852721) from the US to Cyprus, reducing tariffs by 5%.
2023-10-15
Impact: This agreement is expected to increase US exports of radiobroadcast receivers to Cyprus, benefiting US manufacturers with a potential market expansion.
Cyprus Increases Demand for US-Made Vehicle Audio Systems
Cyprus has seen a surge in demand for high-quality vehicle audio systems, leading to a 10% rise in imports of radiobroadcast receivers from the US in the last quarter.
2023-09-22
Impact: The growing demand could strengthen trade ties and encourage US companies to target the Cypriot market for automotive audio products.
Logistics Challenges Impact US-Cyprus Trade of Automotive Electronics
Shipping delays and increased freight costs have temporarily slowed the trade of radiobroadcast receivers for motor vehicles between the US and Cyprus, affecting delivery timelines.
2023-08-30
Impact: These logistical issues may lead to short-term trade disruptions, potentially increasing costs for importers in Cyprus and affecting US exporters' profitability.
Policy Updates
US-Cyprus Tariff Reduction on Automotive Electronics
The US and Cyprus have agreed to reduce tariffs on specific automotive electronics, including radiobroadcast receivers for motor vehicles (HS Code: 852721), from 7% to 2% effective November 1, 2023, to promote trade in this sector.
Date: 2023-10-10