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Global Tariffs, Categorized
🇺🇸 United States
🇵🇹 Portugal
📦 With a maximum cross-sectional dimension of 3 mm or less
🇺🇸 → 🇵🇹

United States to Portugal Trade Analysis for With a maximum cross-sectional dimension of 3 mm or less

Detailed tariff information for With a maximum cross-sectional dimension of 3 mm or less imports

With a maximum cross-sectional dimension of 3 mm or less Tariff Rate

HS Code:

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

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight increase of 3% from previous year

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific GSP provisions if criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Portugal Trade Agreement Boosts Small Dimension Goods
A new bilateral trade agreement between the US and Portugal has reduced tariffs on goods with a maximum cross-sectional dimension of 3 mm or less (HS Code: TBD), facilitating increased exports of micro-components used in electronics.
2023-10-15
Impact: This agreement is expected to increase trade volume in micro-components by 15% annually, benefiting US manufacturers and Portuguese tech industries.
Portugal Increases Imports of US Micro-Materials
Portugal reported a 10% rise in imports of US-made products under HS Code for items with a cross-sectional dimension of 3 mm or less, driven by demand in the medical device sector.
2023-09-22
Impact: Strengthens US export market in niche manufacturing sectors, potentially leading to job growth in specialized industries.
Supply Chain Disruptions Affect US-Portugal Micro-Goods Trade
Global shipping delays have impacted the trade of goods with a cross-sectional dimension of 3 mm or less between the US and Portugal, causing a temporary shortage of precision parts in Portugal.
2023-08-05
Impact: Temporary reduction in trade flow by 8%, with potential delays in Portuguese manufacturing sectors reliant on US imports.
Policy Updates
US-Portugal Tariff Reduction on Micro-Components
The US and Portugal have agreed to lower tariffs by 5% on goods with a maximum cross-sectional dimension of 3 mm or less (HS Code: TBD), effective from November 2023, to promote trade in high-precision industries.
Date: 2023-10-10