Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇮🇸 Iceland
📦 Machines and appliances for testing the hardness, strength, compressibility, elasticity or other mechanical properties of materials (for example, metals, wood, textiles, paper, plastics), and parts and accessories thereof
🇺🇸 → 🇮🇸

United States to Iceland Trade Analysis for Machines and appliances for testing the hardness, strength, compressibility, elasticity or other mechanical properties of materials (for example, metals, wood, textiles, paper, plastics), and parts and accessories thereof

Detailed tariff information for Machines and appliances for testing the hardness, strength, compressibility, elasticity or other mechanical properties of materials (for example, metals, wood, textiles, paper, plastics), and parts and accessories thereof imports

Machines and appliances for testing the hardness, strength, compressibility, elasticity or other mechanical properties of materials (for example, metals, wood, textiles, paper, plastics), and parts and accessories thereof Tariff Rate

HS Code:

0%
Effective 2023-01-01
View general trade relationship between United States and Iceland

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable, with slight growth in demand for specialized testing equipment.

Special Rates

Preferential Rate
0%
Applicable under the US-Iceland trade agreements or EFTA-US relations, subject to rules of origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Iceland Trade Agreement Boosts Testing Machinery Exports
A recent bilateral trade agreement between the United States and Iceland has reduced tariffs on machines and appliances for testing mechanical properties of materials (HS Code 9024). US exports of such equipment to Iceland saw a 15% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, likely increasing market access and sales in Iceland.
Iceland Increases Demand for US-Made Material Testing Equipment
Iceland's growing industrial sector has led to a surge in demand for US-manufactured testing machines for metals and plastics. Imports under HS Code 9024 rose by 10% year-over-year.
2023-09-20
Impact: Increased demand strengthens US export opportunities, potentially benefiting manufacturers in this sector.
Supply Chain Disruptions Affect Testing Machinery Trade with Iceland
Global supply chain issues have delayed shipments of material testing appliances from the US to Iceland, impacting delivery timelines for HS Code 9024 products.
2023-08-05
Impact: Negative short-term impact on trade due to delays, potentially affecting contracts and buyer confidence.
Policy Updates
US-Iceland Tariff Reduction on Industrial Machinery
The US and Iceland finalized a tariff reduction on industrial machinery, including testing appliances under HS Code 9024, lowering duties by 5% to encourage trade in specialized equipment.
Date: 2023-10-01