United States to Bermuda Trade Analysis
for Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
Detailed tariff information for Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals imports
Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals Tariff Rate
Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the US-Bermuda trade agreements; no additional duties for qualifying goods.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Petroleum Coke Exports to Bermuda Amid Rising Demand
Recent trade data indicates a surge in U.S. exports of petroleum coke (HS Code: 2713) to Bermuda, driven by increased industrial demand in the region. Shipments rose by 15% in the last quarter.
2023-10-15
Impact: This trend is likely to strengthen trade ties between the U.S. and Bermuda, potentially leading to long-term supply agreements for petroleum residues.
Bermuda Implements Stricter Import Standards for Petroleum Bitumen
Bermuda has introduced new quality control measures for imported petroleum bitumen (HS Code: 2713) from the U.S., focusing on environmental compliance and product purity.
2023-09-22
Impact: U.S. exporters may face higher compliance costs and delays in shipments, potentially affecting trade volumes in the short term.
During recent bilateral trade discussions, both nations emphasized the importance of petroleum residues (HS Code: 2713) in their trade relationship, with a focus on sustainable practices.
2023-08-10
Impact: These talks could lead to more favorable trade terms or quotas, boosting the flow of petroleum coke and bitumen between the two regions.
Policy Updates
Bermuda Updates Import Tariffs on Petroleum Residues
Bermuda has revised its tariff structure for petroleum coke, bitumen, and other residues (HS Code: 2713), increasing duties by 5% to fund environmental mitigation programs.
Date: 2023-09-01
U.S. Revises Export Documentation for Petroleum Products
The U.S. Department of Commerce has introduced new documentation requirements for exports of petroleum residues (HS Code: 2713) to ensure compliance with international trade standards, affecting shipments to Bermuda.
