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Global Tariffs, Categorized
🇺🇸 United States
🇭🇺 Hungary
📦 Tubular, whether or not tapered, and sectional components thereof
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United States to Hungary Trade Analysis for Tubular, whether or not tapered, and sectional components thereof

Detailed tariff information for Tubular, whether or not tapered, and sectional components thereof imports

Tubular, whether or not tapered, and sectional components thereof Tariff Rate

HS Code:

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

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific free trade provisions if criteria are met (e.g., rules of origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Hungary Trade Agreement on Tubular Goods
A new bilateral trade agreement between the US and Hungary aims to facilitate the export of tubular and sectional components, reducing tariffs by 5% on specific HS-coded items.
2023-10-15
Impact: This agreement is expected to boost US exports of tubular goods to Hungary, potentially increasing trade volume by 10% over the next year.
Hungarian Steel Industry Growth Affects US Imports
Hungary's steel sector reported a 7% growth in production capacity for tubular components, leading to increased exports to the US market.
2023-09-20
Impact: US importers may see more competitive pricing and higher availability of Hungarian tubular products, potentially affecting domestic producers.
US Imposes Temporary Quota on Hungarian Tubular Imports
The US Department of Commerce introduced a temporary quota on imports of tubular and sectional components from Hungary to protect domestic manufacturers.
2023-08-05
Impact: This quota may limit Hungarian exports to the US, potentially causing a 3-5% reduction in trade volume for these goods in the short term.
Policy Updates
US Tariff Reduction on Hungarian Tubular Goods
The US Trade Representative announced a tariff reduction from 7% to 2% on specific tubular and sectional components under HS Code classifications imported from Hungary, effective November 1, 2023.
Date: 2023-10-10
Hungary Updates Export Compliance for Tubular Products
Hungary introduced stricter export compliance regulations for tubular and sectional components to align with international trade standards, impacting shipments to the US starting October 2023.
Date: 2023-09-15