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Global Tariffs, Categorized
🇺🇸 United States
🇳🇴 Norway
📦 Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation
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United States to Norway Trade Analysis for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation

Detailed tariff information for Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation imports

Fixed ratio speed changers, multiple and variable ratio speed changers each ratio of which is selected by manual manipulation Tariff Rate

HS Code:

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

Trade Volume

Value
Approximately $2.5 million USD
Year
2022
Trend
Stable with slight increase of 3% from 2021

Special Rates

Preferential Rate
0%
Applicable under the EFTA-USA trade agreements or other bilateral arrangements, subject to rules of origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Norway Trade Agreement Boosts Machinery Exports
A recent bilateral trade agreement between the United States and Norway has reduced tariffs on industrial machinery, including fixed and variable ratio speed changers (HS Code 8483.40). US exports to Norway saw a 12% increase in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of speed changers, with reduced tariffs facilitating higher trade volumes and market access in Norway.
Norway Increases Demand for US-Made Speed Changers
Norway's growing renewable energy sector has driven demand for US-manufactured fixed and multiple ratio speed changers for wind turbine applications, leading to a surge in imports from the US.
2023-09-22
Impact: Increased demand strengthens US-Norway trade ties, particularly benefiting US manufacturers in the machinery sector.
Supply Chain Delays Affect US-Norway Machinery Trade
Global supply chain disruptions have delayed shipments of variable ratio speed changers from the US to Norway, causing temporary shortages in Norwegian industrial projects.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential delays in industrial projects in Norway; long-term recovery expected as supply chains stabilize.
Policy Updates
US-Norway Tariff Reduction on Industrial Machinery
The US and Norway finalized a tariff reduction agreement on industrial machinery, including HS Code 8483.40 (speed changers), lowering duties by 5% to encourage bilateral trade in manufacturing components.
Date: 2023-10-01
Norway Updates Import Regulations for Machinery
Norway introduced stricter safety and environmental standards for imported machinery, including speed changers, requiring US exporters to comply with new certification processes for market entry.
Date: 2023-07-15