United States to Guinea Trade Analysis
for Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals
Detailed tariff information for Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals imports
Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals Tariff Rate
Increasing due to rising demand for industrial raw materials in Guinea.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for industrial use, subject to approval by Guinea's Ministry of Trade.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Exports of Petroleum Coke to Guinea Amid Rising Demand
Recent data shows a significant uptick in US exports of petroleum coke (HS Code: 2713) to Guinea, driven by Guinea's growing industrial sector and need for cost-effective fuel alternatives.
2023-10-15
Impact: This trend is expected to strengthen trade ties between the US and Guinea, potentially increasing bilateral trade volumes in the energy sector.
Guinea Implements New Quality Standards for Petroleum Bitumen Imports
Guinea has introduced stricter quality checks for imported petroleum bitumen and residues (HS Code: 2713) to ensure compliance with environmental and safety standards, affecting US exporters.
2023-09-20
Impact: US exporters may face delays or additional costs to meet Guinea's new standards, potentially impacting export volumes in the short term.
During recent trade discussions, both nations emphasized the potential for expanding the market for petroleum residues (HS Code: 2713) as part of broader energy cooperation initiatives.
2023-08-05
Impact: This could lead to increased US exports to Guinea if agreements are finalized, fostering a more stable trade relationship in this sector.
Policy Updates
Guinea Updates Import Tariffs on Petroleum Coke and Residues
Guinea has revised its import tariffs on petroleum coke, bitumen, and other residues (HS Code: 2713), increasing duties by 5% to support local industries and environmental goals.
Date: 2023-09-01
US Revises Export Compliance for Petroleum Products to West Africa
The US Department of Commerce has updated export compliance requirements for petroleum products, including HS Code 2713, to West African nations like Guinea, focusing on stricter documentation and environmental impact assessments.
