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Global Tariffs, Categorized
🇺🇸 United States
🇧🇸 Bahamas
📦 Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar
🇺🇸 → 🇧🇸

United States to Bahamas Trade Analysis for Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar

Detailed tariff information for Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar imports

Preparations consisting wholly of ground cocoa beans, with or without added cocoa fat, flavoring or emulsifying agents, and containing not more than 32 percent by weight of butterfat or other milk solids and not more than 60 percent by weight of sugar Tariff Rate

HS Code:

45%
Effective January 1, 2023
View general trade relationship between United States and Bahamas

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 3% from previous year

Special Rates

Preferential Rate under CARICOM
0%
Applicable only if imported from a CARICOM member country; United States does not qualify.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Bahamas Trade Agreement Boosts Cocoa Product Exports
A new trade agreement between the United States and the Bahamas has facilitated an increase in exports of preparations consisting of ground cocoa beans (HS Code: 1803.20). The agreement reduces tariffs on these products, encouraging Bahamian importers to source more from US manufacturers.
2023-10-15
Impact: Positive impact on US exporters as reduced tariffs are expected to increase demand for cocoa preparations in the Bahamas, potentially raising export volumes by 15% over the next year.
Bahamas Imposes New Quality Standards on Cocoa Imports
The Bahamas government has introduced stricter quality control measures for imported cocoa preparations, including those under HS Code 1803.20, to ensure compliance with local food safety standards. US exporters must now provide additional certification.
2023-09-22
Impact: Potential short-term delays for US exporters as they adapt to new certification requirements, which may increase costs and slow down trade flows temporarily.
US Cocoa Producers Eye Bahamian Market Growth
US cocoa product manufacturers are targeting the Bahamian market for preparations of ground cocoa beans due to rising demand for chocolate-based products in the region. Trade shows and bilateral talks have highlighted opportunities under HS Code 1803.20.
2023-08-10
Impact: Positive long-term outlook for trade as US producers invest in marketing and partnerships, likely increasing export volumes to the Bahamas over the next few years.
Policy Updates
US-Bahamas Tariff Reduction on Cocoa Preparations
A bilateral agreement has reduced tariffs on cocoa preparations (HS Code: 1803.20) imported into the Bahamas from the United States by 10%, effective immediately. This policy aims to strengthen trade ties and support the Bahamian food industry with affordable raw materials.
Date: 2023-10-01
Bahamas Updates Import Regulations for Cocoa Products
The Bahamas has updated its import regulations for cocoa-based products, including those under HS Code 1803.20, mandating detailed labeling and certification of butterfat and sugar content to comply with local health standards. US exporters must adjust documentation accordingly.
Date: 2023-09-15