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Global Tariffs, Categorized
🇺🇸 United States
🇵🇬 Papua New Guinea
📦 G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons
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United States to Papua New Guinea Trade Analysis for G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons

Detailed tariff information for G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons imports

G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons Tariff Rate

HS Code:

5%
Effective 01-Jan-2023
View general trade relationship between United States and Papua New Guinea

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for development projects with prior approval from PNG government

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Papua New Guinea Trade Agreement on Heavy Vehicles
A new bilateral trade agreement has been signed between the United States and Papua New Guinea, facilitating the export of vehicles with G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons (HS Code: 8704.23). This agreement aims to boost the supply of heavy-duty trucks for infrastructure projects in Papua New Guinea.
2023-10-15
Impact: Expected to increase US exports of heavy vehicles to Papua New Guinea by 15% over the next year, strengthening trade ties.
Papua New Guinea Infrastructure Boom Drives Demand for US Trucks
Papua New Guinea's ongoing infrastructure development has led to a surge in demand for US-manufactured trucks in the 15-20 metric ton G.V.W. category. Recent trade data shows a 10% rise in imports from the US in this segment.
2023-09-22
Impact: US manufacturers may see sustained growth in this niche market, though supply chain constraints could limit short-term gains.
US Exporters Face Logistics Challenges in Papua New Guinea Market
US exporters of vehicles with G.V.W. between 15 and 20 metric tons are encountering logistical hurdles in Papua New Guinea due to port congestion and limited inland transport infrastructure, impacting delivery timelines.
2023-08-30
Impact: Potential delays and increased costs for US exporters could temporarily hinder trade volume in this category.
Policy Updates
Papua New Guinea Reduces Import Tariffs on Heavy Vehicles
Papua New Guinea has announced a tariff reduction on imported vehicles with G.V.W. exceeding 15 metric tons but not exceeding 20 metric tons (HS Code: 8704.23), dropping the rate from 10% to 5% to support infrastructure development.
Date: 2023-10-01
US Trade Commission Reviews Export Incentives for Heavy Trucks
The US International Trade Commission is reviewing potential export incentives for manufacturers of heavy vehicles in the 15-20 metric ton G.V.W. range to emerging markets like Papua New Guinea, aiming to enhance competitiveness.
Date: 2023-09-10