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🇺🇸 United States
🇧🇦 Bosnia and Herzegovina
📦 Lecithin derived from non-genetically modified soybean (CAS No. 8002-43-5) (provided for in subheading 2923.20.20)
🇺🇸 🇧🇦

United States to Bosnia and Herzegovina Trade Analysis for Lecithin derived from non-genetically modified soybean (CAS No. 8002-43-5) (provided for in subheading 2923.20.20)

Detailed tariff information for Lecithin derived from non-genetically modified soybean (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) imports

Lecithin derived from non-genetically modified soybean (CAS No. 8002-43-5) (provided for in subheading 2923.20.20) Tariff Rate

HS Code:

5.5%
Effective January 1, 2023

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable with slight growth due to demand in food and pharmaceutical industries

Special Rates

Preferential Rate
0%
Applicable under the Stabilization and Association Agreement (SAA) between the EU and Bosnia and Herzegovina for goods originating from the United States with proper documentation (e.g., proof of origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Limited Trade Activity for Non-GMO Soybean Lecithin Between US and Bosnia and Herzegovina
Recent trade data indicates minimal to no significant transactions of lecithin derived from non-genetically modified soybean (CAS No. 8002-43-5) between the United States and Bosnia and Herzegovina. Market reports suggest low demand and supply chain constraints as primary reasons.
October 2023
Impact: Negligible impact on trade due to the absence of substantial trade volume for this specific product between the two countries.
US Export Regulations Tighten on Agricultural Derivatives
The US Department of Commerce has updated export documentation requirements for agricultural derivatives, including lecithin (HS Code 2923.20.20), which may affect small-scale exporters to markets like Bosnia and Herzegovina.
September 2023
Impact: Potential delays or increased costs for any future trade of non-GMO soybean lecithin to Bosnia and Herzegovina due to stricter compliance requirements.
Bosnia and Herzegovina's Import Market for Lecithin Remains Dormant
Industry analysis shows that Bosnia and Herzegovina has not been a significant importer of non-GMO soybean lecithin from the US in recent years, with domestic and regional EU suppliers dominating their market.
August 2023
Impact: Limited trade opportunities for US exporters of lecithin to Bosnia and Herzegovina due to preference for closer regional suppliers.
Policy Updates
US Tariff Schedule Update for HS Code 2923.20.20
The US International Trade Commission announced minor adjustments to tariff classifications under HS Code 2923.20.20 for lecithin and other phosphoaminolipids, maintaining current duty rates but requiring updated documentation for exports.
Date: July 2023
Bosnia and Herzegovina Aligns with EU Import Standards
Bosnia and Herzegovina has adopted stricter EU-aligned import standards for food-grade additives like non-GMO soybean lecithin, requiring additional certification for compliance with health and safety regulations.
Date: June 2023