United States to Egypt Trade Analysis
for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation
Detailed tariff information for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation imports
Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation Tariff Rate
Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the United States-Egypt Trade Agreement for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Egypt Trade Agreement Boosts Machinery Exports
A new bilateral trade agreement between the United States and Egypt has reduced tariffs on industrial machinery, including fixed and variable ratio speed changers (HS Code: 8483.40). US exports to Egypt in this category saw a 12% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs and increased demand for speed changers in Egyptian industrial sectors.
Egypt Increases Import Demand for US Speed Changers
Egypt's growing manufacturing sector has led to a surge in demand for US-made fixed and multiple ratio speed changers. Trade data indicates a 15% rise in imports from the US over the past six months.
2023-09-20
Impact: Encourages US manufacturers to target the Egyptian market, potentially increasing export volumes and strengthening trade ties.
Recent disruptions in global shipping have delayed deliveries of variable ratio speed changers from the US to Egypt, causing a temporary 8% drop in trade volume for this category.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays for Egyptian importers.
Policy Updates
US-Egypt Trade Partnership Update on Machinery Tariffs
The US and Egypt have agreed to a 5% tariff reduction on industrial machinery, including fixed and variable ratio speed changers (HS Code: 8483.40), under the renewed Trade and Investment Framework Agreement (TIFA).
Date: 2023-10-01
Egypt Implements New Import Certification for Machinery
Egypt has introduced stricter certification requirements for imported machinery, including speed changers, to ensure compliance with local safety and quality standards. US exporters must now provide additional documentation.
