U.S.-Romania Trade Agreement Boosts Automotive Parts Exports
A recent bilateral trade agreement between the U.S. and Romania has reduced tariffs on automotive parts, including catalytic converters and particulate filters (HS Code: 8421.39). U.S. exporters reported a 15% increase in shipments to Romania in Q3 2023.
2023-10-15
Impact: Positive impact on U.S. exports to Romania, with lower tariffs facilitating increased trade volume of exhaust gas purification components.
Romanian Demand for U.S.-Made Catalytic Converters Surges
Due to stricter EU emission standards, Romanian automotive manufacturers have increased imports of U.S.-made catalytic converters and particulate filters, with trade data showing a 20% rise in orders from the U.S. in the past six months.
2023-09-22
Impact: Rising demand in Romania is boosting U.S. exports, strengthening trade ties for these specific automotive components.
Supply Chain Disruptions Affect U.S.-Romania Trade of Exhaust Filters
Global supply chain issues have temporarily slowed the export of catalytic converters and particulate filters from the U.S. to Romania, with a reported 10% drop in shipments in July 2023 due to port delays and raw material shortages.
2023-08-05
Impact: Negative short-term impact on trade volume, with potential delays in fulfilling Romanian orders for these components.
