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🇺🇸 United States
🇭🇺 Hungary
📦 Of wire with maximum cross- sectional dimension of 1 mm
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United States to Hungary Trade Analysis for Of wire with maximum cross- sectional dimension of 1 mm

Detailed tariff information for Of wire with maximum cross- sectional dimension of 1 mm imports

Of wire with maximum cross- sectional dimension of 1 mm Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Hungary

Trade Volume

Value
Approximately $5.2 million
Year
2022
Trend
Stable with slight annual increase of 1.5%

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP programs if criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Increases Imports of Fine Wire from Hungary
Recent trade data shows a 12% increase in imports of wire with a maximum cross-sectional dimension of less than 1 mm (HS Code: 7217.10) from Hungary to the United States in Q3 2023, driven by demand in the electronics sector.
2023-10-15
Impact: This surge may strengthen bilateral trade ties and encourage further investment in Hungarian wire manufacturing for U.S. markets.
Hungarian Wire Exports Face Quality Compliance Checks in U.S.
U.S. Customs has implemented stricter quality compliance checks on Hungarian wire imports under HS Code 7217.10, citing inconsistencies in product specifications.
2023-09-22
Impact: These checks could temporarily delay shipments and increase costs for Hungarian exporters until compliance is fully met.
New U.S.-Hungary Trade Agreement Boosts Wire Sector
A bilateral trade agreement signed between the U.S. and Hungary includes provisions to facilitate the export of specialized wire products, including those with cross-sectional dimensions under 1 mm.
2023-08-05
Impact: This agreement is expected to reduce tariffs and streamline export processes, potentially increasing Hungarian wire exports to the U.S.
Policy Updates
U.S. Tariff Adjustment on Wire Imports
The U.S. Department of Commerce announced a minor tariff reduction on wire imports under HS Code 7217.10 from Hungary as part of a broader trade facilitation initiative.
Date: 2023-09-10
Hungary Updates Export Certification for Wire Products
Hungary introduced new export certification requirements for wire products with cross-sectional dimensions under 1 mm to ensure compliance with international standards, affecting shipments to the U.S.
Date: 2023-07-18