Stable, with slight increase in demand for agricultural machinery
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for development projects with prior approval from Mongolian authorities
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Exports of Seed Cleaning Machinery to Mongolia See Growth
Recent trade data shows a 15% increase in exports of machines for cleaning, sorting, or grading seed, grain, or dried leguminous vegetables (HS Code: 843710) from the United States to Mongolia, driven by Mongolia's expanding agricultural sector.
2023-09-15
Impact: This growth strengthens trade ties and supports Mongolia's agricultural modernization, potentially leading to sustained demand for US machinery.
Mongolia Increases Import of US Agricultural Machinery
Mongolia has ramped up imports of US-made seed and grain cleaning machines (HS Code: 843710) as part of its efforts to boost domestic food production and reduce reliance on imports.
2023-07-22
Impact: This trend is likely to enhance bilateral trade relations and create new opportunities for US manufacturers in the Mongolian market.
During recent trade discussions, both nations emphasized the importance of agricultural machinery, including seed cleaning and sorting machines (HS Code: 843710), as a key area of cooperation to support Mongolia's rural development.
2023-05-10
Impact: These talks could lead to reduced trade barriers and increased exports of such machinery from the US to Mongolia.
Policy Updates
US-Mongolia Trade Agreement on Agricultural Equipment
A new bilateral agreement aims to reduce tariffs on agricultural machinery, including machines for cleaning, sorting, or grading seed and grain (HS Code: 843710), facilitating smoother trade between the US and Mongolia.
Date: 2023-06-18
Mongolia Revises Import Duties on Machinery
Mongolia has lowered import duties on specific agricultural machinery (HS Code: 843710) to encourage modernization of its farming sector, benefiting US exporters.
