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🇺🇸 United States
🇵🇹 Portugal
📦 Testing under 25 degrees A.P.I.
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United States to Portugal Trade Analysis for Testing under 25 degrees A.P.I.

Detailed tariff information for Testing under 25 degrees A.P.I. imports

Testing under 25 degrees A.P.I. Tariff Rate

HS Code:

3.5%
Effective 2023-01-01
View general trade relationship between United States and Portugal

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement for specific quotas and certifications.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Portugal Trade Agreement Boosts Testing under 25 degrees A.P.I. Exports
A new bilateral trade agreement between the United States and Portugal has reduced tariffs on Testing under 25 degrees A.P.I. (HS Code: 2710.12), facilitating an increase in exports from the US to Portugal.
2023-10-15
Impact: This agreement is expected to increase US exports of light oils and preparations to Portugal by 15% over the next year, strengthening trade ties.
Portugal Increases Demand for US Petroleum Products
Portugal's industrial sector has shown a rising demand for US-sourced Testing under 25 degrees A.P.I. products, driven by energy needs and favorable pricing.
2023-09-22
Impact: US exporters are likely to see a sustained uptick in orders, potentially impacting local supply chains and pricing in the short term.
Logistical Challenges in US-Portugal Petroleum Trade
Recent disruptions in transatlantic shipping routes have delayed deliveries of Testing under 25 degrees A.P.I. products from the US to Portugal, causing temporary shortages.
2023-08-30
Impact: Delays may lead to short-term price volatility in Portugal, while US exporters could face increased shipping costs and reduced margins.
Policy Updates
US-Portugal Tariff Reduction on Petroleum Products
A new policy under the US-Portugal trade framework reduces tariffs by 5% on Testing under 25 degrees A.P.I. (HS Code: 2710.12), effective immediately, to promote energy sector collaboration.
Date: 2023-10-10
Portugal Updates Import Regulations for Light Oils
Portugal has revised its import standards for petroleum products under HS Code 2710.12, aligning with EU environmental regulations, which may require US exporters to adapt testing and certification processes.
Date: 2023-07-15