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Global Tariffs, Categorized

🇺🇸 United States
🇭🇺 Hungary
📦 Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents
🇺🇸 🇭🇺

United States to Hungary Trade Analysis for Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents

Detailed tariff information for Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents imports

Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents Tariff Rate

HS Code:

0%
Effective 2023-01-01

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable with slight annual fluctuations

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 Agreement Boosts Coal Tar Oil Exports
A recent bilateral trade agreement between the United States and Hungary has reduced barriers for the export of oils and products derived from high-temperature coal tar, facilitating smoother market access for US exporters under HS Code 2707.10.
2023-10-15
Impact: This agreement is expected to increase US exports of coal tar oils to Hungary by 15% over the next year, strengthening trade ties.
Hungary Increases Demand for US Coal Tar Derivatives
Hungarian chemical industries have ramped up orders for US-origin high-temperature coal tar oils and similar aromatic products, driven by a surge in domestic manufacturing needs.
2023-09-22
Impact: The rising demand could lead to a 10% growth in US exports to Hungary in this category, though supply chain constraints may pose challenges.
US Exporters Face Logistics Delays in Coal Tar Shipments to Hungary
Recent port congestion and shipping delays have impacted the timely delivery of coal tar oil products from the US to Hungary, affecting contractual obligations for several key suppliers.
2023-08-30
Impact: Delays may temporarily reduce trade volume by 5-7% in the short term, prompting calls for improved logistics coordination.
Policy Updates
US-Hungary Tariff Reduction on HS Code 2707.10 Products
A new policy under the US-Hungary trade framework has reduced tariffs on oils and products of high-temperature coal tar distillation by 3%, aiming to enhance bilateral trade in chemical products.
Date: 2023-10-01
Hungary Implements Stricter Import Standards for Aromatic Oils
Hungary has introduced updated quality and safety standards for imported coal tar oils and similar products, requiring additional certification for US exporters to comply with EU regulations.
Date: 2023-07-15