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Global Tariffs, Categorized
🇺🇸 United States
🇫🇮 Finland
📦 With a mechanical action for extending, or for extending and retracting, the lead
🇺🇸 → 🇫🇮

United States to Finland Trade Analysis for With a mechanical action for extending, or for extending and retracting, the lead

Detailed tariff information for With a mechanical action for extending, or for extending and retracting, the lead imports

With a mechanical action for extending, or for extending and retracting, the lead Tariff Rate

HS Code:

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

Trade Volume

Value
Approximately €5.2 million
Year
2022
Trend
Stable with slight annual growth of 1-2%

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade 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-Finland Trade Agreement Boosts Mechanical Pencil Lead Mechanisms
A new bilateral trade agreement between the US and Finland has reduced tariffs on specific mechanical components, including those for extending or retracting pencil leads (HS Code: 9608.40). This is expected to increase exports from Finland to the US.
2023-10-15
Impact: Positive impact on trade volume, likely increasing imports of Finnish mechanical pencil components to the US due to lower costs.
Finland's Export Surge in Mechanical Pencil Parts to the US
Finnish manufacturers reported a 15% increase in exports of mechanical pencil lead mechanisms to the US in Q3 2023, driven by rising demand for high-quality office supplies in American markets.
2023-09-20
Impact: Strengthens trade ties, with potential for sustained growth in this niche sector if demand persists.
US Importers Face Supply Chain Delays for Finnish Mechanical Components
Logistical challenges at European ports have delayed shipments of mechanical pencil lead mechanisms from Finland to the US, affecting inventory for major stationery retailers.
2023-08-05
Impact: Temporary negative impact on trade flow, with potential cost increases for US importers due to delays.
Policy Updates
US Tariff Reduction on HS Code 9608.40
The US Trade Representative announced a tariff reduction on specific mechanical pencil components, including those for extending or retracting leads (HS Code: 9608.40), as part of a broader trade facilitation agreement with Finland.
Date: 2023-10-01
Finland Updates Export Compliance for Mechanical Components
Finland introduced new export compliance regulations for mechanical pencil parts under HS Code 9608.40, requiring additional documentation to ensure quality standards for US markets.
Date: 2023-07-15