Stable with slight increase of 2% from previous year
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for development projects with prior approval from Timor-Leste government.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Heavy Vehicles Between US and Timor-Leste
Recent trade data indicates minimal activity in the export or import of vehicles with a Gross Vehicle Weight (GVW) exceeding 15 metric tons but not exceeding 20 metric tons (likely under HS Code 8704.23) between the United States and Timor-Leste. This reflects the small market size and limited industrial demand in Timor-Leste.
2023-10-15
Impact: Negligible impact on bilateral trade due to low volume and limited economic activity in this specific category.
US Export Restrictions and Timor-Leste's Infrastructure Needs
Discussions on infrastructure development in Timor-Leste have not yet translated into significant imports of heavy vehicles (GVW 15-20 metric tons) from the US. Trade barriers and high shipping costs remain key challenges.
2023-09-20
Impact: Potential for future trade growth if infrastructure projects are funded and logistical barriers are addressed.
Timor-Leste's Import Trends for Heavy Vehicles
A report by the Timor-Leste Ministry of Trade highlighted that imports of heavy vehicles, including those with GVW between 15 and 20 metric tons, are primarily sourced from regional partners like Indonesia, with negligible contributions from the US.
2023-08-05
Impact: Limited market opportunity for US exporters in this category due to regional competition and cost advantages.
Policy Updates
No Specific Tariff Updates for HS Code 8704.23 Between US and Timor-Leste
There are no recent policy or tariff updates specifically targeting vehicles with GVW exceeding 15 metric tons but not exceeding 20 metric tons in bilateral trade agreements between the United States and Timor-Leste. Standard tariffs and trade regulations apply.
