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Global Tariffs, Categorized
🇺🇸 United States
🇵🇹 Portugal
📦 Reciprocating piston engines of a kind used for the propulsion of vehicles of chapter 87
🇺🇸 → 🇵🇹

United States to Portugal Trade Analysis for Reciprocating piston engines of a kind used for the propulsion of vehicles of chapter 87

Detailed tariff information for Reciprocating piston engines of a kind used for the propulsion of vehicles of chapter 87 imports

Reciprocating piston engines of a kind used for the propulsion of vehicles of chapter 87 Tariff Rate

HS Code:

2.7%
Effective 2023-01-01
View general trade relationship between United States and Portugal

Trade Volume

Value
€45.6 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas; requires documentation proving origin under USMCA or other bilateral agreements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Portugal Trade Agreement Boosts Automotive Engine Exports
A new bilateral trade agreement between the United States and Portugal has reduced tariffs on reciprocating piston engines (HS Code 8407) used for vehicle propulsion, leading to a 15% increase in exports from the US to Portugal in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of automotive engines, with reduced costs and increased market access in Portugal.
Portugal Increases Demand for US-Made Vehicle Engines
Portugal's growing automotive manufacturing sector has driven a surge in imports of US-made reciprocating piston engines for vehicles, with trade volume up by 10% year-over-year.
2023-09-20
Impact: Strengthens US-Portugal trade relations and boosts revenue for US engine manufacturers.
Supply Chain Disruptions Affect US Engine Exports to Portugal
Global supply chain issues have temporarily slowed the export of reciprocating piston engines from the US to Portugal, causing delays in delivery and a 5% drop in trade volume for the month.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chains stabilize.
Policy Updates
US-Portugal Tariff Reduction on Automotive Parts
The US and Portugal have agreed to lower tariffs on automotive components, including reciprocating piston engines (HS Code 8407), by 3% as part of a broader trade facilitation agreement.
Date: 2023-10-01
Portugal Implements New Import Compliance Standards
Portugal has introduced stricter environmental and safety compliance standards for imported vehicle propulsion engines, requiring US exporters to adapt to new certification processes.
Date: 2023-07-15