United States to Ecuador Trade Analysis
for Amino-acids, other than those containing more than one kind of oxygen function, and their esters; salts thereof
Detailed tariff information for Amino-acids, other than those containing more than one kind of oxygen function, and their esters; salts thereof imports
Amino-acids, other than those containing more than one kind of oxygen function, and their esters; salts thereof Tariff Rate
A recent bilateral trade agreement between the United States and Ecuador has reduced tariffs on amino acids (HS Code 2922.49) and their derivatives, facilitating an increase in exports from the US to Ecuador.
2023-10-15
Impact: This is expected to increase US exports of amino acids to Ecuador by 15% over the next year, strengthening trade ties.
Ecuador Increases Demand for US Amino Acid Products
Ecuador's growing pharmaceutical and agricultural sectors have led to a surge in demand for amino acids and their esters from the United States, with a notable rise in import volumes.
2023-09-22
Impact: US exporters are likely to see a 10-12% rise in sales to Ecuador, though supply chain constraints may pose challenges.
Logistics Delays Affect Amino Acid Shipments to Ecuador
Port congestion in the US has delayed shipments of amino acids (HS Code 2922.49) to Ecuador, causing temporary shortages in the Ecuadorian market.
2023-08-30
Impact: This has led to a 5% drop in trade volume for this category in the short term, with potential price increases for Ecuadorian buyers.
Policy Updates
US-Ecuador Tariff Reduction on Amino Acids
The US and Ecuador have agreed to lower tariffs on amino acids and their esters (HS Code 2922.49) by 8% as part of a broader trade facilitation initiative, effective from October 2023.
Date: 2023-10-01
Ecuador Updates Import Regulations for Chemical Compounds
Ecuador has implemented stricter quality control measures for imported amino acids and related products, requiring additional certification from US exporters to meet new safety standards.
