United States to Uruguay Trade Analysis
for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
Detailed tariff information for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof imports
Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof Tariff Rate
Applicable under specific trade agreements or if imported as part of automotive industry programs with prior authorization from the Uruguayan government.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Uruguay Trade Agreement Boosts Auto Parts Exports
A recent bilateral trade agreement between the United States and Uruguay has facilitated an increase in exports of drive-axles with differentials (HS Code: 8708.50) from the US to Uruguay, with a reported 15% rise in shipments this quarter.
2023-10-15
Impact: This agreement is expected to strengthen the supply chain for automotive manufacturing in Uruguay, potentially increasing demand for US-made components.
Uruguay Imposes Temporary Import Quota on Auto Parts
Uruguay has introduced a temporary quota on imports of non-driving axles and parts thereof (HS Code: 8708.50) from the US to protect domestic manufacturers, affecting trade volumes.
2023-09-20
Impact: US exporters may face reduced market access in Uruguay, prompting a need to explore alternative markets or negotiate exemptions.
US Automotive Parts Manufacturer Expands Operations in Uruguay
A major US-based manufacturer of drive-axles and transmission components (HS Code: 8708.50) has announced a new partnership with a Uruguayan firm to establish a local assembly unit, enhancing trade ties.
2023-08-05
Impact: This development is likely to increase bilateral trade in automotive parts, with potential for long-term growth in exports and local production.
Policy Updates
Uruguay Revises Tariff Structure for Automotive Parts
Uruguay has updated its tariff rates on imports of drive-axles with differentials and related components (HS Code: 8708.50), reducing the duty from 10% to 7% for US exporters under specific trade agreements.
Date: 2023-09-01
US Extends Preferential Trade Status to Uruguay
The US has renewed Uruguay's eligibility for preferential trade status under the Generalized System of Preferences (GSP), which includes reduced tariffs on non-driving axles and parts (HS Code: 8708.50), fostering smoother trade relations.
