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Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Electrical transformers, static converters (for example, rectifiers) and inductors; parts thereof
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United States to Lithuania Trade Analysis for Electrical transformers, static converters (for example, rectifiers) and inductors; parts thereof

Detailed tariff information for Electrical transformers, static converters (for example, rectifiers) and inductors; parts thereof imports

Electrical transformers, static converters (for example, rectifiers) and inductors; parts thereof Tariff Rate

HS Code:

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

Trade Volume

Value
Approx. $12.5 million USD
Year
2022
Trend
Stable with slight growth of 3% compared to 2021

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Lithuania Trade Agreement Boosts Electrical Equipment Exports
A new bilateral trade agreement between the United States and Lithuania has reduced tariffs on electrical transformers and static converters (HS Code 8504), leading to a 15% increase in US exports to Lithuania in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs and increased demand for electrical equipment in Lithuania.
Lithuanian Tech Firm Partners with US Manufacturer for Inductor Supply
A major Lithuanian technology company has signed a long-term contract with a US-based manufacturer for the supply of inductors and parts (HS Code 8504), aiming to support renewable energy projects in the Baltic region.
2023-09-22
Impact: Strengthens trade ties and ensures a steady flow of US-made components to Lithuania, potentially increasing export volumes.
Supply Chain Disruptions Affect US-Lithuania Electrical Trade
Global supply chain issues have delayed shipments of electrical transformers and rectifiers (HS Code 8504) from the US to Lithuania, causing temporary shortages in the Lithuanian energy sector.
2023-08-10
Impact: Negative short-term impact on trade due to delays, though long-term recovery is expected as supply chains stabilize.
Policy Updates
US-Lithuania Tariff Reduction on Electrical Equipment
The US and Lithuania have implemented a mutual tariff reduction on electrical transformers, static converters, and inductors (HS Code 8504) as part of a broader trade enhancement initiative to support energy infrastructure development.
Date: 2023-10-01
Lithuania Updates Import Regulations for Electrical Parts
Lithuania has introduced stricter quality control standards for imported electrical components (HS Code 8504), requiring additional certification for US exporters to ensure compliance with EU safety regulations.
Date: 2023-07-15