Stable with a slight increase of 2% compared to 2021
Special Rates
Preferential Rate under USMCA
0%
Applicable to goods originating from the United States under the United States-Mexico-Canada Agreement (USMCA), subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Mexico Trade Agreement Boosts Industrial Belt Exports
A recent report highlights a surge in exports of endless synchronous belts (HS Code: 4010.35) from Mexico to the US, driven by increased demand in the automotive and manufacturing sectors.
2023-10-15
Impact: Positive impact on trade with a projected 15% increase in volume for belts with an outside circumference of 150-198 cm due to favorable USMCA terms.
Supply Chain Disruptions Affect Synchronous Belt Trade
Logistics challenges at the US-Mexico border have temporarily slowed the trade of industrial belts, including endless synchronous belts, causing delays for manufacturers.
2023-09-22
Impact: Negative short-term impact with a 10% reduction in trade flow for HS Code 4010.35 products due to border bottlenecks.
Mexico Increases Production Capacity for Industrial Belts
Mexican manufacturers have expanded facilities to meet growing US demand for endless synchronous belts, particularly in the 150-198 cm range, strengthening bilateral trade.
2023-08-30
Impact: Positive impact with an expected 20% growth in exports to the US, enhancing supply for key industries.
Policy Updates
USMCA Tariff Adjustments for Industrial Belts
Under the USMCA, tariffs on endless synchronous belts (HS Code: 4010.35) between the US and Mexico have been reduced to 0% for qualifying goods, promoting smoother trade.
Date: 2023-10-01
New US Import Compliance Rules
The US Customs and Border Protection agency introduced stricter documentation requirements for industrial belt imports, including endless synchronous belts, to ensure compliance with origin rules under USMCA.
