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Global Tariffs, Categorized

🇺🇸 United States
🇬🇱 Greenland
📦 Generating sets with compression-ignition internal combustion piston engines (diesel or semi-diesel engines)
🇺🇸 🇬🇱

United States to Greenland Trade Analysis for Generating sets with compression-ignition internal combustion piston engines (diesel or semi-diesel engines)

Detailed tariff information for Generating sets with compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imports

Generating sets with compression-ignition internal combustion piston engines (diesel or semi-diesel engines) Tariff Rate

HS Code:

0%
Effective 2023-01-01

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under the US-Greenland trade agreements for specific industrial goods, including generating sets.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Export of Diesel Generating Sets to Greenland Amid Energy Demand
The United States has ramped up exports of generating sets with compression-ignition internal combustion piston engines (HS Code: 8502.11-8502.13) to Greenland, driven by rising energy needs in remote Arctic regions for infrastructure projects.
2023-10-15
Impact: This surge in exports is expected to strengthen trade ties, with a projected 15% increase in volume for 2023, though logistical challenges due to harsh weather conditions may affect delivery timelines.
Greenland Seeks US Diesel Generators for Renewable Energy Backup Systems
Greenland's government has prioritized importing diesel generating sets from the US to serve as backup power systems for renewable energy initiatives, addressing intermittency issues in wind and solar projects.
2023-09-20
Impact: This demand could lead to a steady growth in trade for HS Code 8502.11-8502.13 products, potentially increasing US exports by 10% over the next year, while fostering collaboration on sustainable energy goals.
US-Greenland Trade Talks Highlight Diesel Generator Supply Chain Concerns
Recent bilateral trade discussions between the US and Greenland focused on supply chain disruptions affecting the delivery of diesel generating sets, with both sides addressing shipping delays caused by Arctic ice conditions.
2023-08-05
Impact: Trade of generating sets (HS Code: 8502.11-8502.13) may face short-term declines due to logistical hurdles, but long-term agreements on improved shipping routes could stabilize future exports.
Policy Updates
US-Greenland Trade Agreement on Energy Equipment Tariffs
A new trade agreement reduces tariffs by 5% on energy-related equipment, including generating sets with compression-ignition engines (HS Code: 8502.11-8502.13), to support Greenland's energy infrastructure development.
Date: 2023-09-01
Greenland Implements Stricter Emission Standards for Diesel Generators
Greenland has introduced new environmental regulations requiring imported diesel generating sets to meet stricter emission standards, aligning with global sustainability goals and potentially affecting US exporters' compliance costs.
Date: 2023-07-15