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Global Tariffs, Categorized
🇺🇸 United States
🇭🇺 Hungary
📦 Mustard seed oil and its fractions, other than crude, not denatured, not chemically modified (provided for in subheading 1514.99.90).
🇺🇸 → 🇭🇺

United States to Hungary Trade Analysis for Mustard seed oil and its fractions, other than crude, not denatured, not chemically modified (provided for in subheading 1514.99.90).

Detailed tariff information for Mustard seed oil and its fractions, other than crude, not denatured, not chemically modified (provided for in subheading 1514.99.90). imports

Mustard seed oil and its fractions, other than crude, not denatured, not chemically modified (provided for in subheading 1514.99.90). Tariff Rate

HS Code:

6.4%
Effective 01-Jan-2023
View general trade relationship between United States and Hungary

Trade Volume

Value
Approx. $1.2 million USD
Year
2022
Trend
Stable with slight increase over the past 3 years

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-Hungary Trade Talks Highlight Mustard Seed Oil Exports
Recent bilateral trade discussions between the US and Hungary emphasized increasing exports of mustard seed oil and its fractions (HS 1514.99.90) from Hungary to the US, focusing on meeting growing demand in the American food industry.
October 15, 2023
Impact: Potential increase in Hungarian mustard seed oil exports to the US, strengthening trade ties and benefiting Hungarian producers.
Hungarian Mustard Seed Oil Gains Traction in US Markets
Hungarian producers of mustard seed oil (HS 1514.99.90) reported a 12% rise in shipments to the US in Q3 2023, driven by demand for specialty oils in health-conscious consumer segments.
September 20, 2023
Impact: Rising demand could lead to sustained growth in trade volume, encouraging further investment in production capacity in Hungary.
US Importers Explore Hungarian Mustard Seed Oil for Culinary Trends
US food importers are increasingly sourcing mustard seed oil fractions (HS 1514.99.90) from Hungary, citing its unique flavor profile as a key ingredient in emerging culinary trends.
August 5, 2023
Impact: This trend may boost niche trade flows, creating a stable market for Hungarian exporters in the US.
Policy Updates
US-Hungary Trade Agreement Review
The US and Hungary are reviewing existing trade agreements to reduce tariffs on agricultural products, including mustard seed oil and its fractions (HS 1514.99.90), to facilitate smoother market access.
Date: October 1, 2023