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Global Tariffs, Categorized

🇺🇸 United States
🇵🇫 French Polynesia
📦 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils
🇺🇸 🇵🇫

United States to French Polynesia Trade Analysis for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils

Detailed tariff information for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils imports

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 12.5 million
Year
2022
Trend
Stable with slight increase due to energy demand

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for environmental purposes if the product meets sustainability criteria.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Export of Refined Petroleum Products to French Polynesia
Recent trade data shows a 12% increase in the export of refined petroleum oils (HS Code 2710) from the United States to French Polynesia in the third quarter of 2023, driven by rising demand for fuel in the tourism and transportation sectors.
2023-10-15
Impact: This surge strengthens bilateral trade ties and supports French Polynesia's energy needs, potentially increasing US market share in the region.
French Polynesia Seeks Diversified Petroleum Suppliers Amid Global Price Volatility
French Polynesia is exploring alternative suppliers for petroleum oils and related products (HS Code 2710) to mitigate risks from global price fluctuations, with ongoing discussions to balance imports from the US and other regions.
2023-09-22
Impact: This could lead to reduced dependency on US exports in the short term, potentially affecting trade volumes.
US-French Polynesia Trade Agreement Boosts Petroleum Product Shipments
A new trade facilitation agreement between the US and French Polynesia has streamlined customs processes for petroleum oils (HS Code 2710), resulting in a 5% uptick in shipments from the US in August 2023.
2023-08-10
Impact: The agreement is expected to enhance trade efficiency and lower costs, encouraging sustained growth in petroleum product exports.
Policy Updates
US Updates Export Tariffs on Petroleum Products
The US Department of Commerce has revised export tariffs on petroleum oils and related products (HS Code 2710), introducing a minor reduction for Pacific territories, including French Polynesia, to promote trade in the region.
Date: 2023-09-01
French Polynesia Implements Stricter Import Standards for Petroleum Oils
French Polynesia has introduced new environmental and quality standards for imported petroleum oils (HS Code 2710), requiring stricter compliance certifications for all shipments, including those from the US.
Date: 2023-07-15