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Global Tariffs, Categorized

🇺🇸 United States
🇳🇵 Nepal
📦 Lubricating oils and greases, with or without additives
🇺🇸 🇳🇵

United States to Nepal Trade Analysis for Lubricating oils and greases, with or without additives

Detailed tariff information for Lubricating oils and greases, with or without additives imports

Lubricating oils and greases, with or without additives Tariff Rate

HS Code:

15%
Effective 2023-07-01

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

Preferential Rate under SAFTA
10%
Applicable if imported from SAARC member countries with Certificate of Origin; United States does not qualify for this rate.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Exports of Lubricating Oils to Nepal See Slight Increase
Recent trade data indicates a marginal rise in the export of lubricating oils and greases (HS Code: 271019) from the United States to Nepal, driven by growing demand in Nepal's industrial sector.
October 15, 2023
Impact: This increase may encourage US exporters to focus on Nepal as a small but growing market for lubricants, potentially leading to stronger trade ties.
Nepal Imposes Quality Standards on Imported Lubricants
Nepal's government has introduced stricter quality control measures for imported lubricating oils and greases, affecting shipments from the United States and other countries.
September 5, 2023
Impact: US exporters may face additional compliance costs and delays, potentially impacting the volume of trade in the short term.
US-Nepal Trade Discussions Highlight Industrial Goods
During a recent bilateral trade meeting, the US and Nepal discussed expanding trade in industrial goods, including lubricating oils and greases, to support Nepal's infrastructure development.
August 20, 2023
Impact: This could lead to increased US exports of lubricants to Nepal if agreements are finalized, boosting trade in this category.
Policy Updates
Nepal Updates Import Tariffs on Lubricating Oils
Nepal has revised its import tariff structure for lubricating oils and greases (HS Code: 271019), increasing duties by 5% to protect domestic industries while ensuring revenue generation.
Date: September 10, 2023
US Trade Promotion for Industrial Goods in South Asia
The US Department of Commerce announced a trade promotion initiative targeting South Asian markets, including Nepal, to facilitate exports of industrial goods like lubricating oils under favorable terms.
Date: August 1, 2023