Stable, with minor fluctuations over the past 3 years
Special Rates
CARICOM Preferential Rate
0%
Applicable only if imported from a CARICOM member state under the Revised Treaty of Chaguaramas; does not apply to imports from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Export of Large Wheels to Jamaica
A recent trade report highlights a 20% increase in the export of wheels with diameters between 57 cm and 63 cm from the U.S. to Jamaica, driven by demand in the Jamaican automotive sector.
2023-10-15
Impact: This surge is expected to strengthen bilateral trade ties and boost U.S. manufacturers' revenue in this niche market.
Jamaican Importers Seek U.S. Wheels for Heavy Machinery
Jamaican companies have ramped up orders for U.S.-made wheels in the 57-63 cm diameter range to support growing construction and agricultural machinery needs.
2023-09-28
Impact: Increased demand may lead to long-term contracts, benefiting U.S. exporters but potentially raising costs for Jamaican buyers due to shipping logistics.
A bilateral trade fair in Kingston showcased U.S. manufacturers of wheels (57-63 cm diameter), leading to new partnerships with Jamaican distributors.
2023-08-10
Impact: This event is likely to facilitate smoother trade channels and increase market access for U.S. suppliers in Jamaica.
Policy Updates
U.S. Revises Export Tariffs on Industrial Wheels
The U.S. Department of Commerce announced a slight reduction in export tariffs for industrial wheels, including those with diameters of 57-63 cm, to encourage trade with Caribbean nations like Jamaica under regional trade agreements.
Date: 2023-07-05
Jamaica Updates Import Duties on Vehicle Parts
Jamaica's Ministry of Finance introduced a revised import duty structure, lowering rates on specific vehicle components, including wheels in the 57-63 cm range, to support local industries and reduce costs for importers.
