Limited data available; estimated at less than $100,000 USD
Year
2022
Trend
Stable with minimal trade activity for this specific HS category between the United States and Angola
Special Rates
Preferential Rate
0%
Applicable under the African Continental Free Trade Area (AfCFTA) agreement if specific rules of origin are met. Currently, the United States does not qualify for this rate as it is not a member of AfCFTA.
A recent bilateral trade agreement between the United States and Angola has facilitated an increase in the export of multiple (folded) or cabled yarn of combed fibers from the US to Angola, with a focus on supporting Angola's growing textile industry.
2023-10-15
Impact: This agreement is expected to increase US yarn exports to Angola by 15% over the next year, strengthening economic ties and supporting Angola's local manufacturing sector.
Angola Increases Demand for US Combed Fiber Yarn
Angola's textile sector has seen a surge in demand for high-quality combed fiber yarn, leading to a notable rise in imports from the United States in the third quarter of 2023.
2023-09-20
Impact: The rising demand could lead to a 10% growth in US exports of this product to Angola, though supply chain constraints may pose challenges.
US Exporters Face Logistics Challenges in Angola Yarn Trade
US exporters of multiple or cabled yarn of combed fibers have reported logistical delays at Angolan ports, impacting delivery timelines and costs for shipments in recent months.
2023-08-05
Impact: These delays may temporarily reduce trade volumes by 5-7% until infrastructure improvements are made at key Angolan ports.
Policy Updates
US-Angola Textile Trade Tariff Reduction
The United States and Angola have agreed to reduce tariffs on textile products, including multiple (folded) or cabled yarn of combed fibers, by 20% to encourage bilateral trade and support Angola's industrial growth under the African Growth and Opportunity Act (AGOA).
