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Global Tariffs, Categorized
🇺🇸 United States
🇭🇺 Hungary
📦 Mixtures of hydrotreated neutral petroleum oils C20 - C50, of a kind used as viscosity improvers (CAS No. 72623-87-1) (provided for in subheading 3811.21.00).
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United States to Hungary Trade Analysis for Mixtures of hydrotreated neutral petroleum oils C20 - C50, of a kind used as viscosity improvers (CAS No. 72623-87-1) (provided for in subheading 3811.21.00).

Detailed tariff information for Mixtures of hydrotreated neutral petroleum oils C20 - C50, of a kind used as viscosity improvers (CAS No. 72623-87-1) (provided for in subheading 3811.21.00). imports

Mixtures of hydrotreated neutral petroleum oils C20 - C50, of a kind used as viscosity improvers (CAS No. 72623-87-1) (provided for in subheading 3811.21.00). Tariff Rate

HS Code:

5.8%
Effective 2023-01-01
View general trade relationship between United States and Hungary

Trade Volume

Value
Approx. $2.5 million USD
Year
2022
Trend
Stable with slight increase due to demand in industrial applications

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Tariff 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-Hungary Trade Agreement on Petroleum Additives
A new bilateral trade agreement between the United States and Hungary includes provisions to facilitate the export of mixtures of hydrotreated neutral petroleum oils (C20-C50) used as viscosity improvers. This agreement aims to reduce tariffs and streamline customs processes.
2023-10-15
Impact: Expected to increase US exports to Hungary due to reduced costs and faster clearance, potentially boosting trade volume for products under HS 3811.21.00.
Hungary Increases Demand for Viscosity Improvers
Hungary's industrial sector reports a growing need for viscosity improvers in automotive and manufacturing applications, leading to a rise in imports of CAS No. 72623-87-1 from the US.
2023-09-20
Impact: Likely to result in higher US export figures to Hungary for these petroleum oil mixtures, strengthening trade ties in this niche sector.
US Exporters Face Temporary Logistics Delays to Hungary
Recent supply chain disruptions have caused delays in shipments of petroleum-based viscosity improvers from the US to Hungary, affecting delivery timelines for products under subheading 3811.21.00.
2023-08-05
Impact: Short-term negative impact on trade flow, with potential for reduced order fulfillment and temporary strain on US-Hungary trade relations for this product.
Policy Updates
US-Hungary Tariff Reduction on Industrial Additives
A new policy under the US-Hungary trade framework reduces tariffs by 15% on industrial additives, including mixtures of hydrotreated neutral petroleum oils (C20-C50) classified under HS 3811.21.00, effective from October 2023.
Date: 2023-10-01
Hungary Updates Import Regulations for Petroleum Products
Hungary has revised its import standards for petroleum-based products, including viscosity improvers (CAS No. 72623-87-1), requiring additional documentation for environmental compliance starting in Q3 2023.
Date: 2023-07-15