📦
Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter
United States to Maldives Trade Analysis
for Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter
Detailed tariff information for Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter imports
Machinery parts, not containing electrical connectors, insulators, coils, contacts or other electrical features, and not specified or included elsewhere in this chapter Tariff Rate
Applicable under the South Asian Free Trade Area (SAFTA) agreement if specific criteria for origin are met and accompanied by a certificate of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Maldives Trade Agreement Boosts Machinery Parts Export
A new bilateral trade agreement between the United States and Maldives has facilitated an increase in exports of machinery parts (HS Code: 8487) from the US to Maldives, focusing on non-electrical components for industrial use.
2023-10-15
Impact: This agreement is expected to increase US exports of machinery parts to Maldives by 15% over the next year, strengthening trade ties.
Maldives Increases Import of US Machinery Parts for Infrastructure Projects
Maldives has ramped up imports of US-made machinery parts (HS Code: 8487) to support ongoing infrastructure development, particularly in the construction sector.
2023-09-20
Impact: This surge in demand could lead to a temporary trade surplus for the US in this category, with potential for long-term contracts.
US Exporters Face Logistics Challenges in Machinery Parts Trade with Maldives
US exporters of machinery parts (HS Code: 8487) to Maldives report delays due to shipping bottlenecks and port inefficiencies in the region.
2023-08-05
Impact: Trade volume may be temporarily affected, with potential cost increases for US exporters and delays in delivery to Maldives.
Policy Updates
US-Maldives Tariff Reduction on Machinery Parts
The United States and Maldives have agreed to reduce tariffs on machinery parts (HS Code: 8487) by 5% as part of a broader trade enhancement initiative to support industrial growth in Maldives.
Date: 2023-10-01
Maldives Implements New Import Compliance Standards for Machinery Parts
Maldives has introduced stricter quality and safety compliance standards for imported machinery parts (HS Code: 8487), requiring additional documentation from US exporters.
