US-Australia Olive Oil Trade Sees Growth Amid New Agreements
Recent trade discussions between the US and Australia have led to an increase in exports of other oils and their fractions obtained from olives (HS Code 1510) from Australia to the US, driven by demand for high-quality olive products.
2023-10-15
Impact: Positive impact on bilateral trade with potential for increased Australian exports to the US market, benefiting Australian producers.
Tariff Reductions Boost Olive Oil Fraction Imports to US
The US has temporarily reduced tariffs on certain olive oil products, including those under HS Code 1510, facilitating higher imports from Australia as part of a broader trade enhancement initiative.
2023-09-22
Impact: Encourages Australian exporters to target the US market, potentially increasing trade volume and revenue.
Supply Chain Challenges Impact Olive Oil Trade Between US and Australia
Logistical disruptions and rising shipping costs have temporarily slowed the trade of olive oil fractions (HS Code 1510) from Australia to the US, causing delays in delivery schedules.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential cost increases for US importers and delays for Australian exporters.
