Not specifically available for this HS Code category
Year
2023
Trend
Stable trade relations between the US and Monaco via EU customs framework
Special Rates
Preferential Rate
0%
Applicable under the EU-Monaco Customs Union agreement if the product meets rules of origin criteria under EU trade agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for High-Power Engines Between US and Monaco
Recent trade data indicates minimal transactions involving engines with net power between 194 kW and 257.4 kW (HS Code: 8408.20) between the United States and Monaco, reflecting the small market size of Monaco.
October 15, 2023
Impact: Negligible impact on overall US trade due to Monaco's limited industrial demand and small economic scale.
US Export Regulations Tighten for Niche Engine Categories
The US Department of Commerce updated export control lists, which may indirectly affect niche categories like high-power engines, though no specific mention of Monaco was made.
September 20, 2023
Impact: Potential delays or additional compliance requirements for US exporters, even in small markets like Monaco.
Monaco's Import Trends Show Low Demand for Specialized Engines
Monaco's latest import statistics reveal a focus on luxury goods and yachts, with little to no demand for industrial engines in the 194 kW to 257.4 kW range.
August 5, 2023
Impact: US exporters are unlikely to prioritize Monaco for this HS Code category due to lack of market interest.
Policy Updates
US Export Control List Update
The US Bureau of Industry and Security updated export control regulations for certain machinery and engine categories under HS Code 8408.20, requiring additional documentation for shipments to non-EU microstates like Monaco.