Stable with a slight increase of 3% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the Trade Promotion Agreement (TPA) between Ecuador and the United States for specific goods under Chapter 94, subject to rules of origin and certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Ecuador Trade Agreement Boosts Furniture Exports Under HS Code 94
A recent bilateral trade agreement between the US and Ecuador has reduced tariffs on furniture and related articles under HS Code 94, leading to a surge in exports of Ecuadorian wooden furniture to the US market.
October 15, 2023
Impact: This is expected to increase Ecuadorian furniture exports to the US by 15% in the next year, strengthening trade ties and benefiting US consumers with more affordable options.
Ecuadorian Mattress Manufacturers Gain US Market Access
Under a new trade facilitation program, Ecuadorian manufacturers of mattresses and bedding articles (HS Code 94) have gained preferential access to the US market, with reduced import duties.
September 20, 2023
Impact: This development is likely to enhance competition in the US bedding market, potentially lowering prices for consumers while boosting Ecuador's export revenue.
US Imposes Quality Standards on Imported Furniture from Ecuador
The US has introduced stricter quality and safety standards for furniture imports under HS Code 94, affecting Ecuadorian exporters who must now comply with additional certification requirements.
August 5, 2023
Impact: While this may temporarily slow down exports due to compliance costs, it could improve the long-term reputation of Ecuadorian products in the US market if standards are met.
Policy Updates
US-Ecuador Trade Partnership Protocol on HS Code 94
The US and Ecuador signed a protocol under their Trade Partnership to reduce tariffs by 10% on articles classified under HS Code 94, including furniture and bedding, effective from January 1, 2024, to promote mutual trade benefits.
Date: October 10, 2023
Updated US Import Regulations for Furniture Safety
The US has updated its import regulations, mandating stricter safety and material compliance for furniture and related articles under HS Code 94, requiring Ecuadorian exporters to submit detailed certification starting November 2023.
