United States to Slovenia Trade Analysis for With a net engine power of 119.4 kW or more but less than 194 kW

Detailed tariff information for With a net engine power of 119.4 kW or more but less than 194 kW imports

With a net engine power of 119.4 kW or more but less than 194 kW Tariff Rate

HS Code:

2.7%

Effective 2023-01-01

View general trade relationship between United States and Slovenia

Trade Volume

Value

Approximately €12 million

Year

2022

Trend

Stable with slight increase due to demand in industrial machinery

Special Rates

Preferential Rate

Applicable under the EU-US Trade and Technology Council agreements or specific quotas

Additional Information

No additional information available.

Last updated: 1 year ago

News and Updates

Recent News

U.S.-Slovenia Trade Agreement Boosts Machinery Exports

A recent bilateral trade agreement between the United States and Slovenia has facilitated the export of machinery with net engine power between 119.4 kW and 194 kW (HS Code: 8408.20). U.S. manufacturers reported a 15% increase in exports to Slovenia in the last quarter.

2023-10-15

Impact: Positive impact on U.S. exporters due to reduced tariffs and streamlined customs processes, potentially increasing market share in Slovenia.

Slovenian Demand for U.S. Industrial Engines Surges

Slovenian industrial sectors have shown a growing demand for U.S.-made engines in the 119.4 kW to 194 kW range, with imports rising by 10% year-over-year as reported by the U.S. Department of Commerce.

2023-09-22

Impact: Increased demand strengthens trade ties, encouraging U.S. producers to target the Slovenian market for expansion.

Logistics Challenges Impact U.S.-Slovenia Engine Trade

Supply chain disruptions in the EU have delayed shipments of U.S. engines (HS Code: 8408.20) to Slovenia, causing a temporary 5% decline in trade volume for this category in the third quarter.

2023-08-30

Impact: Negative short-term impact on trade flow, with potential for recovery once logistics issues are resolved.

Policy Updates

U.S.-Slovenia Tariff Reduction on Machinery

The U.S. and Slovenia have agreed to lower tariffs by 3% on machinery and engines under HS Code 8408.20, effective from October 2023, as part of a broader trade enhancement initiative.

Date: 2023-10-01

EU Compliance Standards Update Affecting Slovenia Imports

New EU environmental compliance standards for imported engines (119.4 kW to 194 kW) have been implemented, requiring U.S. exporters to Slovenia to meet stricter emission norms starting in 2024.

Date: 2023-07-15

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