Stable with slight increase due to growing demand for sports equipment in Angola
Special Rates
Preferential Rate
0%
Applicable under the African Growth and Opportunity Act (AGOA) if the product meets origin criteria and the U.S. is designated as a beneficiary country for specific goods.
A new bilateral trade agreement between the United States and Angola has reduced barriers for sports equipment, including inflatable basketballs with rubber outer surfaces (HS 9506.62.80), leading to a projected increase in US exports to Angola.
2023-10-15
Impact: This agreement is expected to increase US exports of inflatable basketballs to Angola by 15% over the next year due to reduced tariffs and streamlined customs processes.
Angolan Demand for US-Made Basketballs Surges
Growing interest in basketball in Angola has led to a spike in demand for US-manufactured inflatable basketballs, with several major retailers placing large orders in the third quarter.
2023-09-20
Impact: US exporters are seeing a 20% rise in orders for inflatable basketballs, potentially strengthening trade ties with Angola in the sports equipment sector.
Shipping delays and port congestion in Angola have temporarily slowed the delivery of inflatable basketballs from the US, affecting supply chains for this product under HS 9506.62.80.
2023-08-05
Impact: Trade volume for inflatable basketballs has decreased by 10% in the short term due to logistical bottlenecks, though long-term prospects remain positive.
Policy Updates
US-Angola Tariff Reduction on Sports Goods
The US and Angola have agreed to lower tariffs on sports equipment, including inflatable basketballs under HS 9506.62.80, from 5% to 2% as part of a broader trade enhancement initiative.
Date: 2023-10-01
Angolan Import Regulation Update
Angola has updated its import regulations to require stricter quality certifications for sports equipment, including inflatable basketballs, which may affect US exporters' compliance costs.
