United States to Greece Trade Analysis
for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
Detailed tariff information for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof imports
Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof Tariff Rate
Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas; requires documentation proving origin under USMCA or equivalent frameworks.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Greece Trade Agreement Boosts Automotive Parts Exports
A new bilateral trade agreement between the US and Greece has reduced tariffs on automotive components, including drive-axles with differentials (HS Code 8708.50), facilitating increased exports from the US to Greece.
2023-10-15
Impact: Positive impact on US exporters of drive-axles, with potential for a 15% increase in trade volume to Greece due to lower costs for Greek importers.
Greek Demand for US-Made Drive-Axles Surges Amid Infrastructure Projects
Greece's ongoing infrastructure and transportation projects have led to a spike in demand for US-manufactured drive-axles and related components, strengthening trade ties.
2023-09-22
Impact: Increased demand may lead to a 10-12% rise in US exports of drive-axles to Greece in the next quarter, benefiting US manufacturers.
Global shipping delays have impacted the delivery of drive-axles and non-driving axles from the US to Greece, causing temporary shortages in the Greek market.
2023-08-05
Impact: Negative short-term impact with a potential 5-8% decrease in trade volume until supply chain issues are resolved.
Policy Updates
US-Greece Tariff Reduction on Automotive Parts
A new policy under the US-Greece trade framework has reduced tariffs by 3% on automotive parts, including drive-axles with differentials (HS Code 8708.50), to encourage bilateral trade and support Greece's industrial sector.
