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Global Tariffs, Categorized

🇺🇸 United States
🇪🇷 Eritrea
📦 Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter
🇺🇸 🇪🇷

United States to Eritrea Trade Analysis for Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter

Detailed tariff information for Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter imports

Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase due to infrastructure projects

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for development projects with prior approval from the Eritrean Ministry of Trade and Industry.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Limited Trade Activity in Machinery Parts Between US and Eritrea
Recent trade data indicates minimal activity in the export or import of machinery parts (HS Code: 8487) between the United States and Eritrea, with no significant transactions reported in the last quarter.
2023-10-15
Impact: The lack of trade in this category suggests limited industrial or economic engagement between the two countries, potentially due to geopolitical constraints or lack of demand.
US-Eritrea Trade Barriers Affect Machinery Parts Sector
Ongoing sanctions and trade restrictions between the United States and Eritrea continue to hinder potential trade in machinery parts, with no recorded exports or imports under HS Code 8487 in recent months.
2023-08-22
Impact: Trade barriers and sanctions are significantly impacting the ability to establish or grow trade in machinery parts, limiting market access for US businesses.
Eritrea's Industrial Needs Unmet by US Machinery Parts Supply
Eritrea's growing industrial sector shows potential demand for machinery parts, but US trade policies and restrictions prevent supply under HS Code 8487, as per the latest trade reports.
2023-06-10
Impact: The absence of US supply in this category could push Eritrea to seek alternative trade partners, potentially reducing future opportunities for US exporters.
Policy Updates
US Maintains Sanctions on Eritrea Affecting Machinery Trade
The United States has reaffirmed sanctions on Eritrea, citing human rights and regional stability concerns, which continue to restrict trade in non-electrical machinery parts (HS Code 8487) and other industrial goods.
Date: 2023-09-05