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Global Tariffs, Categorized
🇺🇸 United States
🇭🇺 Hungary
📦 Phosphides, whether or not chemically defined, excluding ferrophosphorous
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United States to Hungary Trade Analysis for Phosphides, whether or not chemically defined, excluding ferrophosphorous

Detailed tariff information for Phosphides, whether or not chemically defined, excluding ferrophosphorous imports

Phosphides, whether or not chemically defined, excluding ferrophosphorous Tariff Rate

HS Code:

5.5%
Effective 2023-01-01
View general trade relationship between United States and Hungary

Trade Volume

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

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Hungary Trade Agreement Boosts Phosphide Exports
A new bilateral trade agreement between the United States and Hungary has reduced barriers for chemical exports, including phosphides (HS Code 2848.00). US exporters report a 15% increase in shipments to Hungary in the last quarter.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs and streamlined customs processes, potentially increasing trade volume of phosphides.
Hungary Increases Demand for US Phosphides in Semiconductor Industry
Hungary's growing semiconductor sector has led to a surge in demand for high-purity phosphides from the US, with imports rising by 20% year-over-year as reported by the Hungarian Ministry of Trade.
2023-09-22
Impact: Significant growth in US phosphide exports to Hungary, strengthening trade ties in the chemical and tech sectors.
Logistics Challenges Impact US-Hungary Phosphide Trade
Recent disruptions in European shipping routes have delayed phosphide deliveries from the US to Hungary, causing a temporary 10% drop in trade volume for HS Code 2848.00 products.
2023-08-30
Impact: Negative short-term impact on trade due to logistical bottlenecks, though recovery is expected with improved shipping conditions.
Policy Updates
US-Hungary Tariff Reduction on Chemical Goods
A new policy under the US-Hungary Trade Framework reduces tariffs by 5% on chemical products, including phosphides (HS Code 2848.00), effective from October 1, 2023, to encourage bilateral trade.
Date: 2023-10-01
Hungary Updates Import Regulations for Phosphides
Hungary has implemented stricter safety and labeling requirements for imported phosphides to align with EU chemical standards, affecting US exporters under HS Code 2848.00 as of July 15, 2023.
Date: 2023-07-15