Not specifically available for this HS code category between US and Monaco due to limited direct trade data; aggregated EU-US trade in machinery estimated at $60 billion.
Year
2022
Trend
Stable with slight growth in machinery imports to EU.
Special Rates
Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific derogations if the product meets rules of origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Specific Engine Power Category Between US and Monaco
Recent trade data indicates minimal activity in the category of engines with net power between 93.3 kW and 119.4 kW (HS Code: 8408.20) between the United States and Monaco, with no significant transactions reported in the last quarter.
2023-10-15
Impact: Negligible impact on overall trade due to the niche nature of the product and small market size of Monaco.
US Export Regulations Tighten on Specialized Machinery to Monaco
The US Department of Commerce has introduced stricter export documentation for machinery, including engines in the 93.3 kW to 119.4 kW range, affecting potential shipments to Monaco.
2023-09-01
Impact: Potential delays in trade processes, though volume remains low due to limited demand in Monaco for this specific category.
Monaco's Import Trends Show No Demand for Mid-Range Power Engines
A trade report highlights that Monaco's import market for engines with power ratings between 93.3 kW and 119.4 kW remains dormant, with no recorded imports from the US in recent years.
2023-08-10
Impact: No significant trade impact expected due to lack of market interest in Monaco for this product category.
Policy Updates
US Export Control Update for Engine Categories
The US Bureau of Industry and Security updated export control policies for certain engine categories, including those with net power between 93.3 kW and 119.4 kW, requiring additional licensing for non-EU countries like Monaco.
