United States to Cyprus Trade Analysis
for Inflatable basketballs, each having an external surface other than of leather or of rubber (provided for in subheading 9506.62.80)
Detailed tariff information for Inflatable basketballs, each having an external surface other than of leather or of rubber (provided for in subheading 9506.62.80) imports
Inflatable basketballs, each having an external surface other than of leather or of rubber (provided for in subheading 9506.62.80) Tariff Rate
A new bilateral trade agreement between the United States and Cyprus has reduced tariffs on inflatable basketballs (HS 9506.62.80), leading to a 15% increase in US exports to Cyprus in the past quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs, potentially increasing market share in Cyprus for inflatable basketballs.
Cyprus Increases Demand for US-Made Inflatable Basketballs
Rising popularity of basketball in Cyprus has driven a surge in demand for US-manufactured inflatable basketballs, with imports under HS 9506.62.80 up by 20% year-over-year.
2023-09-20
Impact: Significant growth opportunity for US manufacturers, though supply chain constraints may limit short-term gains.
Shipping delays in the Mediterranean have temporarily disrupted the flow of inflatable basketballs (HS 9506.62.80) from the US to Cyprus, causing a backlog of orders.
2023-08-05
Impact: Negative short-term impact on trade volume, with potential for delayed deliveries and increased costs for US exporters.
Policy Updates
US-Cyprus Tariff Reduction on Sporting Goods
The US and Cyprus have agreed to a 5% tariff reduction on certain sporting goods, including inflatable basketballs under HS 9506.62.80, effective immediately, to encourage bilateral trade.
