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Global Tariffs, Categorized
🇺🇸 United States
🇳🇴 Norway
📦 Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof
🇺🇸 → 🇳🇴

United States to Norway Trade Analysis for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof

Detailed tariff information for Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof imports

Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this chapter; parts thereof Tariff Rate

HS Code:

0%
Effective 01-Jan-2023
View general trade relationship between United States and Norway

Trade Volume

Value
USD 15.2 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EFTA-USA trade agreement for qualifying goods with proper documentation (origin certification).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Norway Trade Agreement Boosts Electrical Machinery Exports
A recent bilateral trade agreement between the US and Norway has reduced tariffs on electrical machines and apparatus (HS Code 8543), facilitating an increase in exports from the US to Norway.
2023-10-15
Impact: Expected to increase US exports of electrical machinery to Norway by 15% over the next year due to lower costs and improved market access.
Norway Increases Demand for US-Made Electrical Apparatus
Norway's growing renewable energy sector has led to a surge in demand for specialized electrical machines from the US, strengthening trade ties.
2023-09-20
Impact: Positive for US manufacturers, with a reported 10% rise in orders for electrical apparatus in Q3 2023, potentially leading to long-term contracts.
Supply Chain Disruptions Affect US-Norway Electrical Machinery Trade
Global supply chain issues have delayed shipments of electrical machines and parts from the US to Norway, causing temporary trade slowdowns.
2023-08-05
Impact: Negative short-term impact with a 5% drop in trade volume for HS Code 8543 items in the last quarter, though recovery is expected by early 2024.
Policy Updates
US-Norway Tariff Reduction on Electrical Machinery
A new policy under the US-Norway trade framework reduces tariffs on electrical machines and apparatus (HS Code 8543) by 3%, aiming to promote technological exchange and support renewable energy initiatives.
Date: 2023-10-01
Norway Updates Import Regulations for Electrical Parts
Norway has introduced stricter safety and environmental standards for imported electrical apparatus parts, requiring additional certifications for US exporters.
Date: 2023-07-15