Stable with slight annual growth of 2% due to consistent demand for mechanical devices in Honduras.
Special Rates
Preferential Rate
0%
Applicable under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) for qualifying goods from the United States, subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Honduras Trade Agreement Boosts Mechanical Pencil Lead Exports
A recent bilateral trade agreement between the United States and Honduras has reduced tariffs on mechanical pencil components, including those with HS Code for extending or retracting lead, leading to a 15% increase in U.S. exports to Honduras.
2023-10-15
Impact: Positive impact on U.S. exporters due to lower tariffs and increased demand in Honduras for mechanical pencil components.
Honduras Increases Import of U.S. Mechanical Pencil Parts
Honduran stationery manufacturers have ramped up imports of U.S.-made mechanical pencil parts, including mechanisms for extending and retracting lead, to meet growing domestic demand.
2023-09-22
Impact: Strengthens trade ties and boosts U.S. export volumes in this niche category.
Supply Chain Disruptions Affect Mechanical Pencil Trade with Honduras
Logistical challenges at U.S. ports have temporarily slowed the export of mechanical pencil components to Honduras, causing delays in shipments under the relevant HS Code.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential delays in fulfilling orders for Honduran buyers.
Policy Updates
CAFTA-DR Tariff Reduction on Stationery Components
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on mechanical pencil components, including those with mechanisms for extending or retracting lead, have been reduced by 5% for trade between the U.S. and Honduras, effective July 1, 2023.
