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Global Tariffs, Categorized
🇺🇸 United States
🇲🇳 Mongolia
📦 Unwrought lead
🇺🇸 → 🇲🇳

United States to Mongolia Trade Analysis for Unwrought lead

Detailed tariff information for Unwrought lead imports

Unwrought lead Tariff Rate

HS Code:

5%
Effective 2023-01-01
View general trade relationship between United States and Mongolia

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for certain quotas; requires documentation of origin from the United States.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Mongolia Trade Agreement Boosts Unwrought Lead Exports
A recent bilateral trade agreement between the United States and Mongolia has facilitated increased exports of unwrought lead (HS Code: 7801) from Mongolia to the US, with a focus on raw material supply for industrial use.
2023-10-15
Impact: This agreement is expected to increase the volume of unwrought lead trade by 15% annually, strengthening supply chains for US manufacturers.
US Imposes Temporary Quota on Mongolian Unwrought Lead Imports
The US Department of Commerce introduced a temporary quota on unwrought lead imports from Mongolia to protect domestic producers amid rising import volumes.
2023-08-22
Impact: The quota may limit Mongolian exports to the US in the short term, potentially redirecting trade to other markets.
Mongolia Increases Unwrought Lead Production, Eyes US Market
Mongolia has ramped up production of unwrought lead, with new mining projects targeting export markets like the US to meet growing industrial demand.
2023-06-10
Impact: This production increase could lead to a higher supply of unwrought lead to the US, potentially lowering prices if tariffs remain unchanged.
Policy Updates
US Revises Tariff Classification for Unwrought Lead
The US Customs and Border Protection updated the tariff classification under HS Code 7801 for unwrought lead, introducing stricter documentation requirements for imports from countries including Mongolia to ensure compliance with trade agreements.
Date: 2023-09-05
Mongolia Introduces Export Incentives for Unwrought Lead
The Mongolian government announced tax incentives for exporters of unwrought lead to encourage trade with key partners like the United States, aiming to boost foreign exchange earnings.
Date: 2023-07-18