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Global Tariffs, Categorized

🇺🇸 United States
🇭🇳 Honduras
📦 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms
🇺🇸 🇭🇳

United States to Honduras Trade Analysis for Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms

Detailed tariff information for Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms imports

Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94 percent, in lumps, pellets or similar forms Tariff Rate

HS Code:

0%
Effective January 1, 2014

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applies under CAFTA-DR for goods meeting rules of origin criteria from the United States.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Honduras Trade Agreement Boosts Ferrous Product Exports
A recent bilateral trade agreement between the United States and Honduras has facilitated increased exports of ferrous products obtained by direct reduction of iron ore (HS Code 7203). The agreement reduces tariffs, encouraging a higher volume of trade in lumps, pellets, and similar forms.
2023-10-15
Impact: Positive impact on trade with expected growth in US exports to Honduras due to reduced tariffs and streamlined customs processes.
Honduras Increases Demand for High-Purity Iron from US
Honduran industrial sectors have ramped up demand for high-purity iron (99.94% by weight) from the US, driven by growth in local manufacturing and construction projects requiring quality raw materials.
2023-09-22
Impact: Increased demand is likely to boost US exports of high-purity iron to Honduras, strengthening trade ties in this sector.
Logistics Challenges Impact Ferrous Product Shipments to Honduras
Recent port delays and supply chain disruptions in the US have temporarily slowed the export of spongy ferrous products and iron pellets to Honduras, causing minor trade bottlenecks.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential delays in delivery and increased shipping costs for US exporters.
Policy Updates
US-Honduras CAFTA-DR Tariff Revision for Ferrous Products
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on ferrous products (HS Code 7203) between the US and Honduras have been further reduced to promote industrial trade. This revision aims to enhance market access for US exporters.
Date: 2023-10-01