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Global Tariffs, Categorized

🇺🇸 United States
🇳🇴 Norway
📦 Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives
🇺🇸 🇳🇴

United States to Norway Trade Analysis for Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives

Detailed tariff information for Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives imports

Carboxylic acids with alcohol function but without other oxygen function, their anhydrides, halides, peroxides, peroxyacids and their derivatives Tariff Rate

HS Code:

0%
Effective 01-01-2023

Trade Volume

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

Special Rates

Preferential Rate
0%
Applicable under the Norway-USA trade agreements or GSP if criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Norway Trade Agreement Boosts Carboxylic Acid Derivatives Market
A recent bilateral trade agreement between the US and Norway has reduced tariffs on carboxylic acids with alcohol function and their derivatives (HS Code: 2918), facilitating increased exports from the US to Norway.
2023-10-15
Impact: Expected to increase US exports to Norway by 15% over the next year due to lower costs for Norwegian importers.
Norway Increases Demand for US-Made Carboxylic Acid Compounds
Norwegian pharmaceutical and chemical industries have reported a surge in demand for US-produced carboxylic acid derivatives, leading to a spike in trade volume under HS Code 2918.
2023-09-22
Impact: Trade volume between the two countries for this category rose by 10% in Q3 2023, strengthening economic ties.
Supply Chain Disruptions Affect Carboxylic Acid Trade Between US and Norway
Global shipping delays have temporarily impacted the trade of carboxylic acids and derivatives between the US and Norway, causing a backlog of orders under HS Code 2918.
2023-08-05
Impact: Trade flow reduced by 5% in August 2023, with potential recovery expected by Q4 as supply chains stabilize.
Policy Updates
US-Norway Tariff Reduction on Chemical Products
The US and Norway finalized a tariff reduction agreement on various chemical products, including carboxylic acids with alcohol function and their derivatives (HS Code: 2918), lowering duties by 3% to promote trade.
Date: 2023-10-10
Norway Updates Import Regulations for Chemical Derivatives
Norway introduced stricter safety and labeling requirements for imported carboxylic acid derivatives under HS Code 2918, aligning with EU standards, which may require US exporters to adapt compliance measures.
Date: 2023-07-18