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Global Tariffs, Categorized
🇺🇸 United States
🇮🇹 Italy
📦 Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives
🇺🇸 → 🇮🇹

United States to Italy Trade Analysis for Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives

Detailed tariff information for Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives imports

Carboxylic acids with aldehyde or ketone function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives Tariff Rate

HS Code:

6.5%
Effective 01-Jan-2023
View general trade relationship between United States and Italy

Trade Volume

Value
USD 12.3 million
Year
2022
Trend
Stable with slight growth of 2% compared to 2021

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Italy Trade Agreement Boosts Carboxylic Acid Derivatives Market
A new bilateral trade agreement between the US and Italy has reduced tariffs on chemical products, including carboxylic acids with aldehyde or ketone functions (HS Code: 2918.30). This has led to an increase in exports from Italy to the US.
2023-10-15
Impact: Positive impact with an expected 15% increase in trade volume for these chemical derivatives due to lower tariffs and streamlined customs processes.
Italian Exporters Face Supply Chain Delays for Carboxylic Acid Products
Logistical challenges in European ports have delayed shipments of carboxylic acid derivatives from Italy to the US, affecting delivery timelines for American importers.
2023-09-22
Impact: Negative short-term impact on trade with potential delays of 2-3 weeks, possibly leading to temporary supply shortages in the US market.
US Demand for Italian Carboxylic Acid Derivatives Surges in Pharma Sector
Increased demand for specialty chemicals in the US pharmaceutical industry has driven up imports of carboxylic acids with aldehyde or ketone functions from Italy, a key supplier.
2023-08-10
Impact: Positive impact with a reported 10% rise in import value year-over-year, strengthening trade ties in the chemical sector.
Policy Updates
US Tariff Reduction on Chemical Imports from Italy
The US Trade Representative announced a reduction in tariffs on certain chemical products under HS Code 2918.30 from Italy, effective October 1, 2023, as part of a broader trade facilitation agreement.
Date: 2023-10-01
Italy Updates Export Compliance for Chemical Goods
Italy introduced stricter export documentation requirements for chemical products, including carboxylic acid derivatives, to comply with EU safety and environmental regulations, potentially affecting shipment timelines to the US.
Date: 2023-07-15