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Global Tariffs, Categorized
🇺🇸 United States
🇪🇸 Spain
📦 Vessels and other floating structures for breaking up (scrapping)
🇺🇸 → 🇪🇸

United States to Spain Trade Analysis for Vessels and other floating structures for breaking up (scrapping)

Detailed tariff information for Vessels and other floating structures for breaking up (scrapping) imports

Vessels and other floating structures for breaking up (scrapping) Tariff Rate

HS Code:

0%
Effective 2023-01-01
View general trade relationship between United States and Spain

Trade Volume

Value
€1.2 million
Year
2022
Trend
Stable with slight increase due to demand for sustainable ship recycling.

Special Rates

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

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increase in Vessel Scrapping Trade Between US and Spain
Recent data shows a 20% increase in the export of vessels and floating structures for scrapping from the US to Spain, driven by stricter environmental regulations in the US pushing companies to dismantle older ships abroad.
2023-10-15
Impact: This trend may boost Spain's shipbreaking industry while raising concerns about environmental standards and labor conditions in scrapping yards.
New Agreement on Shipbreaking Standards
The US and Spain have signed a bilateral agreement to ensure that vessels sent for scrapping meet international safety and environmental standards under the Hong Kong Convention.
2023-09-05
Impact: This agreement could increase costs for US exporters due to compliance requirements but may improve the sustainability of the trade.
Spain Becomes Key Destination for US Vessel Scrapping
Spain has emerged as a primary destination for US vessels and floating structures destined for breaking up, with competitive pricing and capacity in shipyards attracting American firms.
2023-08-20
Impact: This shift may strengthen trade ties but could strain Spain's shipbreaking infrastructure if demand continues to rise.
Policy Updates
US Updates Export Regulations for Scrapping Vessels
The US Department of Commerce has introduced new documentation requirements for exporting vessels for scrapping, including proof of compliance with international environmental standards.
Date: 2023-09-10
Spain Implements Stricter Shipbreaking Laws
Spain has enacted new regulations aligned with EU directives to monitor and control the environmental impact of shipbreaking activities, requiring detailed reporting from companies involved in the trade.
Date: 2023-07-15