USD 1.2 billion (total trade between US and Curaçao, specific HS Code data unavailable without exact code)
Year
2022
Trend
Stable with slight growth in energy and machinery sectors
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for goods meeting origin criteria under CARICOM or other bilateral agreements, if applicable.
Exemption
Exempt
Certain essential goods or items for specific industries (e.g., medical supplies, educational materials) may be exempt from tariffs upon approval by Curaçao authorities.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Curaçao Trade Agreement Discussions Underway
Recent reports indicate that the United States and Curaçao are engaged in preliminary discussions to strengthen trade ties, focusing on specific HS Code categories including machinery and agricultural products. The talks aim to reduce tariffs and streamline export processes.
October 15, 2023
Impact: This could lead to increased bilateral trade by lowering barriers, benefiting U.S. exporters of machinery (HS Code 84) and Curaçao's import market for agricultural goods (HS Code 07-08).
Curaçao Increases Import Demand for U.S. Petroleum Products
Curaçao's growing energy sector has led to a spike in demand for U.S. petroleum products (HS Code 27). Trade data shows a 15% increase in imports from the U.S. in the last quarter, driven by refinery needs.
September 20, 2023
Impact: This surge boosts U.S. exports of petroleum products, strengthening trade balance with Curaçao and potentially encouraging long-term supply contracts.
U.S. Exporters Face Logistics Delays to Curaçao
U.S. exporters of consumer goods (HS Code 85 - Electrical Machinery) to Curaçao have reported delays due to port congestion and customs processing issues on the island. This has affected delivery timelines by up to two weeks.
August 5, 2023
Impact: Delays may temporarily reduce trade efficiency, increase costs for U.S. exporters, and prompt calls for improved port infrastructure or bilateral logistics agreements.
Policy Updates
U.S. Revises Export Controls for Curaçao
The U.S. Department of Commerce has updated export control policies affecting certain technology products (HS Code 85) shipped to Curaçao. The revision includes stricter licensing requirements to ensure compliance with international security standards.
Date: September 10, 2023
Curaçao Introduces New Import Tariff Structure
Curaçao's government has implemented a revised tariff structure impacting U.S. goods under HS Codes 27 (Mineral Fuels) and 84 (Machinery). The policy aims to balance local revenue needs with trade facilitation, offering reduced rates for bulk imports.
