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Global Tariffs, Categorized
🇺🇸 United States
🇫🇮 Finland
📦 With textile components in which man-made fibers predominate by weight over any other single textile fiber
🇺🇸 → 🇫🇮

United States to Finland Trade Analysis for With textile components in which man-made fibers predominate by weight over any other single textile fiber

Detailed tariff information for With textile components in which man-made fibers predominate by weight over any other single textile fiber imports

With textile components in which man-made fibers predominate by weight over any other single textile fiber Tariff Rate

HS Code:

12%
Effective 2023-01-01
View general trade relationship between United States and Finland

Trade Volume

Value
Approx. $25 million USD
Year
2022
Trend
Stable with slight growth of 2% year-over-year

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Tariff Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Finland Trade Agreement Boosts Textile Exports
A recent bilateral trade agreement between the United States and Finland has reduced tariffs on textile components with man-made fibers (HS Code: 5407-5408), leading to a 12% increase in exports from Finland to the US in the last quarter.
2023-10-15
Impact: Positive impact on trade, with increased market access for Finnish textile manufacturers and lower costs for US importers.
US Imposes New Quality Standards on Man-Made Fiber Textiles
The US introduced stricter quality and safety standards for imported textile components with man-made fibers, affecting Finnish exporters who must now comply with additional testing requirements.
2023-09-20
Impact: Potential short-term trade disruptions for Finnish exporters due to compliance costs, though long-term benefits may include improved product trust.
Finland Expands Production of Man-Made Fiber Textiles for US Market
Finnish textile companies have ramped up production of man-made fiber textiles to meet growing demand from the US, supported by investments in sustainable manufacturing technologies.
2023-08-05
Impact: Strengthens trade ties, with increased supply capacity likely to boost Finnish exports to the US.
Policy Updates
US Tariff Reduction on Man-Made Fiber Textiles
The US Trade Representative announced a 5% tariff reduction on imports of textile components with man-made fibers (HS Code: 5407-5408) from Finland as part of a broader trade facilitation agreement.
Date: 2023-10-10
Finland Updates Export Certification for Textiles
Finland introduced a new certification process for exporting man-made fiber textiles to ensure compliance with international environmental and labor standards, impacting shipments to the US.
Date: 2023-09-01