New Trade Agreement Boosts Silicon Dioxide Micro-Spheres Exports to Hungary
A recent bilateral trade agreement between the United States and Hungary has reduced tariffs on specialty chemicals, including entirely spherical silicon dioxide micro-spheres (CAS No. 7631-86-9), facilitating increased exports from the U.S. to Hungary.
2023-10-15
Impact: This agreement is expected to increase U.S. exports of silicon dioxide micro-spheres to Hungary by 15% over the next year, benefiting U.S. manufacturers and Hungarian industries reliant on high-quality silica products.
U.S. Importer Certification Standards Tightened for Silicon Dioxide Micro-Spheres
The U.S. Customs and Border Protection agency has implemented stricter certification requirements for importers of silicon dioxide micro-spheres, ensuring compliance with specified particle size, purity, and microbial content standards as per subheading 2811.22.10.
2023-09-20
Impact: Hungarian exporters to the U.S. may face delays and additional costs to meet the updated certification requirements, potentially affecting trade volume in the short term.
Hungarian Demand for Silicon Dioxide Micro-Spheres Surges in Cosmetics Industry
Hungary's cosmetics sector has reported a significant increase in demand for high-purity silicon dioxide micro-spheres from the U.S., driven by their use as texturizing agents and absorbents in personal care products.
2023-08-05
Impact: This surge in demand is likely to strengthen trade ties, with U.S. suppliers ramping up production to meet Hungarian market needs, potentially increasing trade value by 10% in this category.