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Global Tariffs, Categorized
🇺🇸 United States
🇱🇻 Latvia
📦 Electrical ignition or starting equipment of a kind used for spark-ignition or compression-ignition internal combustion engines (for example, ignition magnetos, magneto-dynamos, ignition coils, spark plugs and glow plugs, starter motors); generators (for example, dynamos, alternators) and cut-outs of a kind used in conjunction with such engines; parts thereof
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United States to Latvia Trade Analysis for Electrical ignition or starting equipment of a kind used for spark-ignition or compression-ignition internal combustion engines (for example, ignition magnetos, magneto-dynamos, ignition coils, spark plugs and glow plugs, starter motors); generators (for example, dynamos, alternators) and cut-outs of a kind used in conjunction with such engines; parts thereof

Detailed tariff information for Electrical ignition or starting equipment of a kind used for spark-ignition or compression-ignition internal combustion engines (for example, ignition magnetos, magneto-dynamos, ignition coils, spark plugs and glow plugs, starter motors); generators (for example, dynamos, alternators) and cut-outs of a kind used in conjunction with such engines; parts thereof imports

Electrical ignition or starting equipment of a kind used for spark-ignition or compression-ignition internal combustion engines (for example, ignition magnetos, magneto-dynamos, ignition coils, spark plugs and glow plugs, starter motors); generators (for example, dynamos, alternators) and cut-outs of a kind used in conjunction with such engines; parts thereof Tariff Rate

HS Code:

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

Trade Volume

Value
Approximately €12.5 million
Year
2022
Trend
Stable with slight increase due to demand for automotive parts in the EU market

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP programs, subject to rules of origin and documentation.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Latvia Trade Agreement Boosts Electrical Ignition Equipment Exports
A new bilateral trade agreement between the United States and Latvia has reduced tariffs on electrical ignition and starting equipment (HS Code 8511), leading to a 15% increase in US exports to Latvia in the past quarter.
2023-10-15
Impact: Positive impact on US exporters of ignition equipment, with lower tariffs facilitating higher trade volumes and improved market access in Latvia.
Latvia Increases Import of US Starter Motors Amid Automotive Sector Growth
Latvia's growing automotive manufacturing sector has driven a surge in demand for US-made starter motors and alternators, with imports under HS Code 8511 rising by 10% year-over-year.
2023-09-20
Impact: Increased demand from Latvia strengthens trade ties and benefits US manufacturers of automotive electrical components.
Supply Chain Delays Affect US-Latvia Trade in Ignition Equipment
Global supply chain disruptions have delayed shipments of electrical ignition equipment from the US to Latvia, causing a temporary 5% dip in trade volume for HS Code 8511 products.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chain issues are resolved.
Policy Updates
US-Latvia Tariff Reduction on Automotive Electrical Parts
A new policy under the US-Latvia trade framework has reduced tariffs on electrical ignition and starting equipment (HS Code 8511) by 3%, effective from October 1, 2023, to encourage bilateral trade in automotive components.
Date: 2023-10-01