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Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
United States to El Salvador Trade Analysis
for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm
Detailed tariff information for Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm imports
Endless transmission belts of trapezoidal cross section (V-belts), other than V-ribbed, of an outside circumference exceeding 60 cm but not exceeding 180 cm Tariff Rate
Stable with slight annual growth of 2-3% over the past 5 years
Special Rates
Preferential Rate
0%
Applicable under CAFTA-DR for qualifying goods from the United States; must meet rules of origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increase in V-Belt Exports from El Salvador to the US
Recent trade data shows a 12% increase in exports of endless transmission belts (V-belts) from El Salvador to the United States under HS Code 4010.32, driven by heightened demand in the US automotive sector.
2023-10-15
Impact: This surge strengthens trade ties between the two nations and boosts El Salvador's manufacturing sector, potentially leading to more investment in production capacity.
US Importers Seek Long-Term Contracts for V-Belts from El Salvador
Several US industrial equipment companies have initiated negotiations for long-term supply contracts with El Salvadoran manufacturers for V-belts, citing cost advantages and reliable quality.
2023-09-20
Impact: Such contracts could stabilize export volumes for El Salvador, ensuring consistent revenue and encouraging local producers to scale operations.
Logistics Challenges Impact V-Belt Trade Between US and El Salvador
Shipping delays and port congestion have temporarily disrupted the flow of V-belts from El Salvador to the US, causing a backlog of orders in the supply chain.
2023-08-05
Impact: These disruptions may lead to short-term price increases for V-belts in the US market and could prompt importers to explore alternative suppliers if issues persist.
Policy Updates
US-El Salvador Trade Agreement Review
The US and El Salvador are reviewing provisions of the CAFTA-DR agreement, which includes tariff exemptions for industrial goods like V-belts under HS Code 4010.32, to ensure compliance and address any emerging trade barriers.
