Stable with slight increase due to energy sector demand
Special Rates
Preferential Rate
0%
Applicable under the Caribbean Basin Initiative (CBI) for qualifying goods from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Petroleum Exports to Curaçao Amid Regional Demand Surge
The United States has ramped up exports of petroleum oils (HS Code: 2710) to Curaçao, driven by increased demand for refined products in the Caribbean. Trade data indicates a 20% rise in shipments over the past quarter.
2023-10-15
Impact: This surge strengthens trade ties between the U.S. and Curaçao, potentially increasing revenue for U.S. exporters while supporting Curaçao's energy needs.
Curaçao Refinery Restart Boosts U.S. Petroleum Oil Imports
With the partial reopening of the Isla Refinery in Curaçao, imports of U.S. petroleum oils and bituminous mineral oils (HS Code: 2710) have spiked as the facility ramps up operations after years of closure.
2023-09-05
Impact: The restart enhances Curaçao's capacity to process U.S. crude and refined oils, likely leading to sustained trade growth in this sector.
Recent bilateral discussions between U.S. and Curaçao officials emphasized petroleum oil trade (HS Code: 2710) as a key area for economic partnership, with a focus on stabilizing supply chains in the region.
2023-08-20
Impact: These talks could lead to more consistent export volumes from the U.S. to Curaçao, fostering predictability in trade flows.
Policy Updates
U.S. Updates Export Controls on Petroleum Products
The U.S. Department of Commerce has revised export licensing requirements for petroleum oils (HS Code: 2710) to certain Caribbean nations, including Curaçao, to streamline trade while ensuring compliance with environmental standards.
Date: 2023-09-10
Curaçao Introduces New Import Tariffs on Refined Oils
Curaçao has implemented a 5% tariff increase on imported petroleum oils and oils from bituminous minerals (HS Code: 2710) to boost local revenue, which may affect the cost of U.S. exports.
