Logo

Whatariff.com

Global Tariffs, Categorized
🇺🇸 United States
🇲🇳 Mongolia
📦 Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console capable of the wireless exchange of data, with backlit LCD display and heart rate monitor (provided for in subheading 9506.91.00)
🇺🇸 → 🇲🇳

United States to Mongolia Trade Analysis for Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console capable of the wireless exchange of data, with backlit LCD display and heart rate monitor (provided for in subheading 9506.91.00)

Detailed tariff information for Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console capable of the wireless exchange of data, with backlit LCD display and heart rate monitor (provided for in subheading 9506.91.00) imports

Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console capable of the wireless exchange of data, with backlit LCD display and heart rate monitor (provided for in subheading 9506.91.00) Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Mongolia

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Increasing by 8% annually due to rising demand for fitness equipment in Mongolia.

Special Rates

Preferential Rate
0%
Applicable under the US-Mongolia Trade Agreement for qualifying goods with proper documentation (Certificate of Origin required).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Mongolia Trade Agreement Boosts Fitness Equipment Exports
A new bilateral trade agreement between the United States and Mongolia has reduced tariffs on fitness equipment, including advanced stepper-elliptical machines with radial fans and magnetic brakes (HS 9506.91.00). US exporters report a 15% increase in shipments to Mongolia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters, with lower tariffs making these high-tech fitness machines more competitive in the Mongolian market.
Mongolian Demand for High-Tech Fitness Equipment Rises
Growing health awareness in Mongolia has led to a surge in demand for US-manufactured fitness equipment with electronic control consoles and heart rate monitors. Imports of such equipment under HS 9506.91.00 have doubled compared to last year.
2023-09-22
Impact: Increased demand is likely to encourage more US manufacturers to target the Mongolian market, potentially leading to higher trade volumes.
Logistics Challenges Impact US-Mongolia Fitness Equipment Trade
Recent disruptions in shipping routes have delayed deliveries of fitness equipment, including stepper-elliptical hybrids, from the US to Mongolia. This has caused a temporary backlog of orders under HS 9506.91.00.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays for Mongolian importers.
Policy Updates
US-Mongolia Tariff Reduction on Fitness Equipment
The US and Mongolia have agreed to reduce import tariffs on fitness equipment classified under HS 9506.91.00 by 10% as part of a broader trade facilitation initiative. This policy aims to promote health and wellness products in Mongolia.
Date: 2023-10-01
Mongolian Import Regulation Update for Electronic Fitness Devices
Mongolia has introduced new safety and quality standards for imported fitness equipment with electronic control consoles. Products under HS 9506.91.00 must now comply with specific wireless data exchange and LCD display certifications.
Date: 2023-07-15