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Biodiesel and mixtures thereof, not containing or containing less than 70 percent by weight of petroleum oils or oils obtained from bituminous materials
United States to Cayman Islands Trade Analysis
for Biodiesel and mixtures thereof, not containing or containing less than 70 percent by weight of petroleum oils or oils obtained from bituminous materials
Detailed tariff information for Biodiesel and mixtures thereof, not containing or containing less than 70 percent by weight of petroleum oils or oils obtained from bituminous materials imports
Biodiesel and mixtures thereof, not containing or containing less than 70 percent by weight of petroleum oils or oils obtained from bituminous materials Tariff Rate
Limited data available; estimated at less than $100,000 USD
Year
2022
Trend
Stable with low volume
Special Rates
Preferential Rate
0%
Applicable under the CARICOM-USA Trade Partnership if specific origin criteria are met; however, Cayman Islands is not a direct CARICOM member, so consultation with local customs is advised.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Biodiesel Trade Activity Between US and Cayman Islands Reported
Recent trade data indicates minimal activity in biodiesel (HS Code 382600) trade between the United States and the Cayman Islands, with no significant shipments recorded in the past quarter.
October 2023
Impact: Negligible impact on trade due to historically low trade volumes in this category between the two regions.
US Biodiesel Export Regulations Tighten Amid Global Demand Shifts
The US has introduced stricter export documentation for biodiesel and mixtures, potentially affecting small-scale trade partners like the Cayman Islands.
September 2023
Impact: Possible delays or reduced trade with the Cayman Islands due to increased compliance requirements for US exporters.
Cayman Islands Focus on Renewable Energy Imports
The Cayman Islands government has expressed interest in increasing renewable energy imports, including biodiesel, though no specific agreements with the US have been finalized.
August 2023
Impact: Potential for future growth in biodiesel trade with the US if policy frameworks are established.
Policy Updates
US Biodiesel Export Tariff Review
The US Department of Commerce is reviewing tariff classifications and export controls for biodiesel (HS Code 382600), which may affect trade documentation and costs for shipments to non-major partners like the Cayman Islands.
Date: October 2023
Cayman Islands Renewable Energy Import Incentives
The Cayman Islands introduced a policy to provide tax incentives for renewable energy imports, including biodiesel, to meet sustainability goals, potentially opening opportunities for US exporters.
