Stable with slight increase due to industrial demand
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for certain qualifying importers; requires documentation of origin or specific use (e.g., industrial purposes).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Export of Lubricating Oils from US to Curaçao
Recent trade data indicates a significant rise in the export of lubricating oils and greases (HS Code: 271019) from the United States to Curaçao, driven by demand in the maritime and industrial sectors.
2023-10-15
Impact: This surge is likely to strengthen trade ties and boost US export revenues, though it may increase dependency on US supply chains for Curaçao.
The expansion of refining capacities in Curaçao has led to a higher demand for specialized lubricating oils with additives from the US, as reported by trade authorities.
2023-09-20
Impact: This could lead to a sustained increase in bilateral trade volume for HS Code 271019 products, benefiting US exporters.
A new bilateral trade facilitation agreement has streamlined customs processes for lubricating oils and greases shipped from the US to Curaçao, reducing delays.
2023-08-05
Impact: The agreement is expected to lower trade costs and enhance the competitiveness of US lubricant products in Curaçao.
Policy Updates
US Export Tariff Adjustment for Lubricating Oils
The US Department of Commerce announced a minor reduction in export tariffs for lubricating oils and greases (HS Code: 271019) to certain Caribbean nations, including Curaçao, to promote trade.
Date: 2023-07-10
Curaçao Import Duty Waiver on Industrial Lubricants
Curaçao introduced a temporary import duty waiver on industrial lubricants with additives to support local industries, encouraging imports from key partners like the US.
