Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the Trade Promotion Agreement between Ecuador and the United States, subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Ecuador Trade Agreement Boosts Steel Imports
A recent bilateral trade agreement between the United States and Ecuador has reduced tariffs on steel products, including items under HS Code related to lightweight steel beams weighing not more than 11.3 kg per 30.5 cm with a web depth of 102 mm to 356 mm. This has led to an increase in exports from the US to Ecuador.
2023-10-15
Impact: Positive impact on US exporters as reduced tariffs make these steel products more competitive in the Ecuadorian market, potentially increasing trade volume.
Ecuador Imposes Temporary Quota on Steel Imports
Ecuador has introduced a temporary quota on certain steel imports, including lightweight steel beams under the specified HS Code, to protect domestic industries. This affects US exporters shipping to Ecuador.
2023-09-05
Impact: Negative impact on US exporters due to restricted market access, potentially reducing trade volume in the short term.
US Steel Manufacturers Seek Market Expansion in Ecuador
Several US steel manufacturers are exploring opportunities in Ecuador for lightweight steel beams, aligning with infrastructure development projects. Products under the specified HS Code are in demand for construction purposes.
2023-08-20
Impact: Potential positive impact on trade as demand for these steel products may drive increased exports from the US to Ecuador.
Policy Updates
US-Ecuador Trade Facilitation Agreement
A new trade facilitation agreement between the US and Ecuador includes provisions to lower tariffs on specific industrial goods, including steel products under the relevant HS Code for lightweight beams. This policy aims to streamline customs processes and enhance bilateral trade.
Date: 2023-10-10
Ecuador's Revised Import Quota Policy
Ecuador has updated its import quota policy for steel products, including items weighing not more than 11.3 kg per 30.5 cm with a web depth of 102 mm to 356 mm. The policy sets a cap on imports to support local manufacturers, affecting US exporters.