US-New Zealand Trade Agreement Boosts Appliance Exports
A recent bilateral trade agreement between the United States and New Zealand has reduced tariffs on household appliances, including microwave ovens with integral range hoods (HS 8516.50.00). This is expected to increase US exports of these products to New Zealand.
2023-10-15
Impact: Positive impact on US manufacturers of microwave ovens with specific capacity and turntable dimensions, as reduced tariffs make their products more competitive in the New Zealand market.
New Zealand Increases Demand for US-Made Microwaves
Market reports indicate a growing demand in New Zealand for US-manufactured microwave ovens with integral range hoods, particularly those with oven capacities between 56-58 liters and glass turntables of 30-31 cm diameter, due to their quality and design.
2023-09-22
Impact: Increased export opportunities for US producers, potentially leading to higher trade volumes in this specific product category.
Supply Chain Challenges Affect Microwave Exports to New Zealand
Global supply chain disruptions have temporarily impacted the export of domestic microwave ovens (HS 8516.50.00) from the US to New Zealand, causing delays in shipments of models with specific capacity and turntable sizes.
2023-08-30
Impact: Negative short-term impact on trade, with potential delays and increased costs for US exporters and New Zealand importers.
