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Global Tariffs, Categorized
🇺🇸 United States
🇦🇺 Australia
📦 Olive oil and its fractions, whether or not refined, but not chemically modified
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United States to Australia Trade Analysis for Olive oil and its fractions, whether or not refined, but not chemically modified

Detailed tariff information for Olive oil and its fractions, whether or not refined, but not chemically modified imports

Olive oil and its fractions, whether or not refined, but not chemically modified Tariff Rate

HS Code:

5%
Effective 1 January 2023
View general trade relationship between United States and Australia

Trade Volume

Value
AUD 1.2 million
Year
2022
Trend
Stable with slight annual growth of 2% over the past 5 years

Special Rates

Free Trade Agreement Rate (US-Australia FTA)
0%
Applicable under the Australia-United States Free Trade Agreement (AUSFTA) for qualifying goods with proper documentation and certificate of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Australia Olive Oil Trade Sees Growth Amid Rising Demand
Recent reports indicate a surge in demand for Australian olive oil in the US market, driven by consumer preference for high-quality, sustainably produced oils. Exports of olive oil and its fractions (HS Code: 1509) from Australia to the US have increased by 12% in the past year.
October 15, 2023
Impact: This growth strengthens trade ties and may encourage further investment in Australian olive oil production for export to the US.
Australian Olive Oil Faces US Market Competition
Australian olive oil exporters are encountering stiff competition from European producers in the US market. Despite quality advantages, price competitiveness remains a challenge for Australian olive oil (HS Code: 1509).
September 20, 2023
Impact: Increased competition could pressure Australian exporters to lower prices or focus on niche premium markets in the US.
Sustainability Certifications Boost Australian Olive Oil Exports to US
Australian olive oil producers have adopted sustainability certifications, making their products more appealing to US consumers. Exports under HS Code 1509 have seen a modest uptick as a result of this marketing strategy.
August 5, 2023
Impact: Positive consumer response may lead to long-term growth in trade volume and value between the two countries.
Policy Updates
US-Australia Free Trade Agreement Review on Agricultural Goods
A review of the US-Australia Free Trade Agreement (AUSFTA) has been initiated to assess tariff structures on agricultural products, including olive oil and its fractions (HS Code: 1509). Discussions aim to reduce remaining barriers and enhance market access.
Date: November 1, 2023