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Last updated: 1 year ago
News and Updates
Recent News
Increased Demand for Wood Pellets in Hong Kong from U.S. Suppliers
Hong Kong has seen a surge in demand for sustainable energy sources, leading to a 20% increase in imports of wood pellets (HS Code: 440131) from the United States in the third quarter of 2023.
2023-10-15
Impact: This trend is likely to boost U.S. exports of wood pellets to Hong Kong, strengthening trade ties and supporting the renewable energy sector in the region.
U.S. Exporters Face Logistics Challenges in Wood Waste Shipments to Hong Kong
Recent port congestion in Hong Kong has delayed shipments of sawdust and wood waste agglomerates (HS Code: 440139) from the United States, causing temporary supply chain disruptions.
2023-09-22
Impact: Delays may lead to short-term reductions in trade volume and increased costs for U.S. exporters, potentially affecting pricing in Hong Kong markets.
Hong Kong Importers Seek U.S. Wood Briquettes for Industrial Use
Hong Kong-based industrial firms have increased orders for U.S.-made wood briquettes (HS Code: 440139) to meet energy needs, driven by competitive pricing and quality standards.
2023-08-10
Impact: This growing interest is expected to enhance U.S. export figures for wood waste products, fostering stronger bilateral trade relations.
Policy Updates
U.S. Updates Export Regulations for Wood Waste Products
The U.S. Department of Commerce introduced new documentation requirements for exporting wood waste and scrap agglomerates (HS Code: 4401) to ensure compliance with environmental standards, effective from July 2023.
Date: 2023-07-05
Hong Kong Revises Import Tariffs on Renewable Energy Materials
Hong Kong authorities announced a reduction in import tariffs on wood pellets and briquettes (HS Code: 4401) to encourage the use of renewable energy sources, effective from June 2023.
