United States to Kuwait Trade Analysis
for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation
Detailed tariff information for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation imports
Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation Tariff Rate
A recent bilateral trade agreement between the United States and Kuwait has facilitated an increase in exports of fixed and variable ratio speed changers (HS Code: 8483.40.5010) from the US to Kuwait, with a reported 15% rise in shipments over the past quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs and streamlined customs processes, potentially increasing demand for speed changers in Kuwait’s industrial sector.
Kuwait Increases Import of US Industrial Gearboxes
Kuwait’s growing industrial sector has led to a surge in imports of multiple and variable ratio speed changers from the US, with trade data showing a 10% increase in volume compared to last year.
2023-09-20
Impact: Strengthens US-Kuwait trade ties, benefiting US manufacturers of speed changers while supporting Kuwait’s infrastructure and oil sector development.
Global supply chain disruptions have temporarily slowed the export of fixed ratio speed changers from the US to Kuwait, causing a backlog of orders and delayed deliveries.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential cost increases for Kuwaiti buyers and reduced export revenue for US suppliers.
Policy Updates
US-Kuwait Tariff Reduction on Industrial Machinery
A new policy under the US-Kuwait trade framework reduces tariffs by 5% on industrial machinery, including fixed and variable ratio speed changers (HS Code: 8483.40.5010), to encourage bilateral trade.
Date: 2023-10-01
Kuwait Updates Import Regulations for Machinery
Kuwait has implemented stricter safety and quality standards for imported machinery, requiring additional certifications for speed changers to meet local industrial requirements.
