New Trade Agreement Boosts Submersible Motor Exports to Portugal
A recent bilateral trade agreement between the United States and Portugal has reduced tariffs on industrial equipment, including submersible multi-phase motors under HS Code 8501.53.60. This has led to a 15% increase in U.S. exports of these motors to Portugal in the last quarter.
2023-10-15
Impact: Positive impact on U.S. manufacturers, as reduced tariffs make these motors more competitive in the Portuguese market, potentially increasing market share.
U.S. Exporter Secures Major Contract for Submersible Motors with Portuguese Firm
A leading U.S. manufacturer of submersible multi-phase motors (HS Code 8501.53.60) has signed a multi-year contract to supply Portuguese water management companies with motors meeting the specified dimensions and power output, marking a significant boost in trade volume.
2023-09-20
Impact: Strengthens trade ties and increases export revenue for the U.S., while supporting Portugal’s infrastructure development with reliable equipment.
Supply Chain Disruptions Affect Submersible Motor Shipments to Portugal
Global shipping delays have temporarily impacted the delivery of submersible multi-phase motors (HS Code 8501.53.60) from the U.S. to Portugal, causing a backlog of orders and affecting project timelines in Portugal’s agricultural sector.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in projects reliant on these motors; however, resolution of supply chain issues could normalize trade soon.
