A recent bilateral trade discussion between the United States and Oman has led to reduced tariffs on weighing equipment under HS Code 8423.81 (maximum weighing capacity not exceeding 30 kg), facilitating increased exports from the US to Oman.
2023-10-15
Impact: This reduction in tariffs is expected to increase US exports of small-scale weighing machines to Oman by 15% over the next year, benefiting US manufacturers.
Oman Increases Demand for US-Made Weighing Devices
Oman’s retail and industrial sectors have shown a growing demand for precision weighing machines from the US, particularly those under 30 kg capacity (HS Code 8423.81), as part of their modernization efforts.
2023-09-22
Impact: This surge in demand could strengthen trade ties, with US exporters likely to see a 10-12% rise in sales to Oman in this category over the next quarter.
Logistics Challenges Impact US-Oman Trade of Weighing Equipment
Shipping delays and rising freight costs have temporarily disrupted the supply of weighing machines (HS Code 8423.81) from the US to Oman, affecting small businesses reliant on these imports.
2023-08-30
Impact: The disruptions may lead to a temporary 5-8% decline in trade volume for this category until logistics issues are resolved, potentially increasing costs for Omani importers.
Policy Updates
US-Oman Free Trade Agreement Amendment on Tariff Reductions
An amendment to the US-Oman Free Trade Agreement has introduced a further reduction of tariffs by 2% on weighing machinery with a maximum capacity of 30 kg (HS Code 8423.81), effective from November 2023, to encourage trade in precision equipment.
Date: 2023-10-10
Oman Updates Import Regulations for Weighing Equipment
Oman has revised its import certification requirements for weighing machinery under HS Code 8423.81, mandating additional quality assurance checks to ensure compliance with local standards, effective October 2023.
