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Global Tariffs, Categorized
🇺🇸 United States
🇬🇭 Ghana
📦 Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure
🇺🇸 → 🇬🇭

United States to Ghana Trade Analysis for Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure

Detailed tariff information for Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure imports

Natural magnesium carbonate (magnesite); fused magnesia; dead-burned (sintered) magnesia, whether or not containing small quantities of other oxides added before sintering; other magnesium oxide, whether or not pure Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Ghana

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

ECOWAS Preferential Rate
0%
Applicable to goods originating from ECOWAS member states with proper documentation (Certificate of Origin).
Import VAT
20%
Applied on the CIF value plus import duty for non-exempt importers.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Import of Magnesite from Ghana Amid Rising Industrial Demand
The United States has seen a 20% increase in imports of natural magnesium carbonate (magnesite) and related products from Ghana in the last quarter, driven by demand in refractory and chemical industries.
2023-10-15
Impact: This surge in imports strengthens trade ties between the US and Ghana, potentially leading to more bilateral trade agreements focused on industrial minerals.
Ghana Boosts Magnesia Export Capacity with New Processing Plant
A new processing facility in Ghana has increased the country’s capacity to export fused and dead-burned magnesia to the US, with an expected annual output rise of 15%.
2023-09-05
Impact: The enhanced production capacity could lower costs for US importers and stabilize supply chains for magnesia products used in steelmaking and construction.
US-Ghana Trade Talks Highlight Magnesite Sector Collaboration
Recent trade discussions between US and Ghanaian officials emphasized the potential for expanded magnesite and magnesia trade, focusing on sustainable mining practices.
2023-08-20
Impact: These talks may result in increased US investments in Ghana’s magnesite sector, fostering long-term trade growth and environmental compliance.
Policy Updates
US Revises Tariff Rates on Magnesium Oxide Imports
The US has adjusted tariff rates on magnesium oxide and related products under HS Code 2519, reducing duties by 2% for imports from African nations, including Ghana, to encourage trade under the African Growth and Opportunity Act (AGOA).
Date: 2023-09-10
Ghana Introduces Export Incentives for Magnesite Products
Ghana’s government has implemented tax rebates and subsidies for exporters of magnesite and magnesia products to boost foreign exchange earnings and support local mining industries.
Date: 2023-07-15