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Global Tariffs, Categorized
🇺🇸 United States
🇮🇸 Iceland
📦 Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm
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United States to Iceland Trade Analysis for Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm

Detailed tariff information for Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm imports

Sheets for veneering (including those obtained by slicing laminated wood), for plywood or for similar laminated wood and other wood, sawn lengthwise, sliced or peeled, whether or not planed, sanded, spliced or end-jointed, of a thickness not exceeding 6 mm Tariff Rate

HS Code:

4.8%
Effective January 1, 2023
View general trade relationship between United States and Iceland

Trade Volume

Value
Approximately $1.2 million USD
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the US-Iceland trade agreements or EFTA arrangements if specific origin criteria are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Iceland Trade Agreement Boosts Wood Product Exports
A recent bilateral trade agreement between the United States and Iceland has reduced tariffs on specific wood products, including sheets for veneering and plywood under HS Code 4408, facilitating increased exports from the US to Iceland.
2023-10-15
Impact: This agreement is expected to increase US exports of veneering sheets and plywood to Iceland by reducing costs for Icelandic importers, potentially leading to a 10-15% rise in trade volume for these products.
Iceland Imposes New Quality Standards on Imported Wood Sheets
Iceland has introduced stricter quality and environmental standards for imported wood products, including sheets for veneering and laminated wood, affecting US exporters under HS Code 4408.
2023-09-22
Impact: US exporters may face higher compliance costs and potential delays in shipments to Iceland, which could temporarily reduce trade volumes until certification processes are streamlined.
US Wood Industry Targets Icelandic Market for Veneering Sheets
Several US wood product manufacturers have expressed interest in expanding their market presence in Iceland, focusing on sheets for veneering and plywood under HS Code 4408, due to growing demand in Icelandic construction.
2023-08-10
Impact: This could lead to a modest increase in US exports to Iceland, though logistical challenges and shipping costs remain barriers to significant growth in this niche market.
Policy Updates
US-Iceland Tariff Reduction on Wood Products
As part of a broader trade pact, tariffs on wood products under HS Code 4408, including sheets for veneering and plywood, have been reduced by 5% for US exports to Iceland, effective immediately.
Date: 2023-10-01
Iceland Updates Environmental Certification for Wood Imports
Iceland has mandated that all imported wood products, including those under HS Code 4408, must comply with new sustainability certifications to ensure responsible sourcing, impacting US exporters.
Date: 2023-09-15