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Global Tariffs, Categorized
🇺🇸 United States
🇪🇪 Estonia
📦 Having shanks or threads with a diameter of less than 6 mm
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United States to Estonia Trade Analysis for Having shanks or threads with a diameter of less than 6 mm

Detailed tariff information for Having shanks or threads with a diameter of less than 6 mm imports

Having shanks or threads with a diameter of less than 6 mm Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Estonia

Trade Volume

Value
Approximately €1.2 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Estonia Trade Agreement on Small Diameter Shanks and Threads
A new bilateral trade agreement between the United States and Estonia has reduced tariffs on small diameter shanks and threads (under 6 mm, HS Code: 7318.15). This aims to boost exports of precision components used in electronics and machinery.
2023-10-15
Impact: Expected to increase trade volume by 15% annually, benefiting US manufacturers and Estonian tech industries.
Estonian Export Surge in Small Diameter Fasteners to the US
Estonian exporters reported a 20% increase in shipments of shanks and threads under 6 mm to the US market, driven by demand in the automotive and tech sectors.
2023-09-20
Impact: Strengthens Estonia's position as a key supplier of precision components to the US, potentially leading to further trade partnerships.
US Importers Seek Estonian Suppliers for Micro Fasteners
US companies in the electronics sector are increasingly sourcing micro shanks and threads (under 6 mm) from Estonia due to competitive pricing and quality standards.
2023-08-05
Impact: Likely to enhance bilateral trade ties, with a projected rise in import value by $2 million in the next quarter.
Policy Updates
Reduction in US Tariffs on HS Code 7318.15 from Estonia
The US Trade Representative announced a tariff reduction from 5% to 2% on imports of shanks and threads under 6 mm from Estonia, effective immediately, to encourage trade in precision components.
Date: 2023-10-10
Estonia Updates Export Compliance for Small Fasteners
Estonia introduced stricter quality certification requirements for exporting shanks and threads under 6 mm to the US, aligning with international standards to ensure product safety and reliability.
Date: 2023-09-01