United States to Cayman Islands Trade Analysis
for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
Detailed tariff information for Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof imports
Drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof Tariff Rate
Data unavailable for specific HS Code 8708.50 (Drive-axles with differential and parts thereof) between the US and Cayman Islands.
Special Rates
Preferential Rate
0%
Applicable under the CARICOM-US trade agreements or other bilateral arrangements if criteria are met.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Exports of Drive-Axles to Cayman Islands See Slight Increase
Recent trade data indicates a marginal rise in the export of drive-axles with differentials (HS Code 8708.50) from the United States to the Cayman Islands, attributed to increased demand in the automotive repair sector.
2023-10-15
Impact: This uptick may encourage US manufacturers to focus on niche markets in the Caribbean, potentially increasing bilateral trade volume for automotive parts.
Cayman Islands Importers Report Quality Concerns with US Drive-Axles
Importers in the Cayman Islands have raised concerns over the quality of certain drive-axle components from the US, leading to discussions on stricter import quality checks.
2023-09-22
Impact: This could lead to temporary delays in shipments and may push US exporters to enhance quality control measures to maintain market trust.
New Shipping Route Boosts US-Cayman Islands Automotive Parts Trade
A new direct shipping route between the US and the Cayman Islands has reduced transit times for automotive parts, including drive-axles and non-driving axles, fostering smoother trade operations.
2023-08-30
Impact: Lower shipping costs and faster delivery times are expected to increase trade frequency and volume for HS Code 8708.50 products.
Policy Updates
US Updates Export Documentation for Automotive Parts to Cayman Islands
The US Department of Commerce has introduced new documentation requirements for exporting automotive parts, including drive-axles (HS Code 8708.50), to ensure compliance with international trade standards.
Date: 2023-10-01
Cayman Islands Revises Import Tariffs on Automotive Components
The Cayman Islands government has adjusted import tariffs on automotive parts, including drive-axles and non-driving axles, to balance local demand and revenue generation, with a slight increase of 2% effective immediately.
