Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the U.S.-Ecuador Trade Agreement for qualifying goods meeting Rules of Origin criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Ecuador Trade Agreement Progress on Low-Value Goods
Recent discussions between the U.S. and Ecuador have focused on enhancing trade relations for low-value goods under HS Code categories valued over 5¢ but not over 10¢ each, aiming to reduce barriers and improve market access.
2023-10-15
Impact: This could lead to increased export opportunities for small-scale producers in Ecuador and lower costs for U.S. consumers of these goods.
Ecuadorian Exporters Face New U.S. Import Scrutiny for Low-Value Items
U.S. Customs has implemented stricter documentation requirements for imports valued over 5¢ but not over 10¢ each from Ecuador, citing concerns over misclassification under HS Codes.
2023-09-22
Impact: This may cause delays in shipments and increase compliance costs for Ecuadorian exporters, potentially reducing trade volume temporarily.
U.S. Market Sees Surge in Ecuadorian Low-Value Craft Imports
Imports of handcrafted items from Ecuador, falling within the 5¢ to 10¢ per unit value range under specific HS Codes, have risen by 15% in the U.S. market due to growing demand for artisanal products.
2023-08-10
Impact: This surge boosts Ecuadorian small businesses but may prompt U.S. policymakers to review tariff thresholds for such low-value imports.
Policy Updates
U.S. Customs Updates Classification Guidelines for Low-Value Imports
U.S. Customs and Border Protection issued new guidelines for the classification of goods valued over 5¢ but not over 10¢ each under various HS Codes, requiring detailed documentation to prevent misclassification and ensure accurate tariff application for imports from countries like Ecuador.
Date: 2023-09-01
Ecuador Revises Export Incentives for Low-Value Goods
The Ecuadorian government introduced a revised export incentive program offering tax rebates for small-scale exporters of goods valued between 5¢ and 10¢ each, aiming to strengthen trade with the U.S. under specific HS Codes.
