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Global Tariffs, Categorized
🇺🇸 United States
🇯🇴 Jordan
📦 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils
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United States to Jordan Trade Analysis for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils

Detailed tariff information for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils imports

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils Tariff Rate

HS Code:

5%
Effective January 1, 2023
View general trade relationship between United States and Jordan

Trade Volume

Value
USD 120 million
Year
2022
Trend
Increasing by 8% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the United States-Jordan Free Trade Agreement (USJFTA) for qualifying goods with proper documentation and origin certification.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Jordan Trade Agreement Boosts Petroleum Oil Exports
A recent report highlights an increase in exports of petroleum oils and related products from the United States to Jordan under the U.S.-Jordan Free Trade Agreement, with a focus on non-crude petroleum oils (HS Code 2710). Trade volumes have risen by 12% year-over-year due to growing industrial demand in Jordan.
2023-10-15
Impact: Positive impact on U.S. exporters as Jordan's demand for refined petroleum products grows, potentially increasing bilateral trade value.
Jordan Increases Import of U.S. Refined Petroleum Products
Jordan has ramped up imports of U.S.-origin petroleum oils and preparations (HS Code 2710) to meet energy sector needs. This follows a strategic partnership to diversify energy sources, with shipments increasing by 8% in the last quarter.
2023-09-22
Impact: Strengthens U.S.-Jordan trade ties, with potential for long-term contracts benefiting U.S. refineries.
U.S. Exporters Face Logistics Challenges in Jordanian Market
U.S. exporters of petroleum oils and bituminous mineral oils (HS Code 2710) to Jordan have reported logistical bottlenecks at Jordanian ports, delaying shipments and increasing costs. Despite this, trade remains steady due to consistent demand.
2023-08-30
Impact: Short-term negative impact on trade efficiency, potentially raising costs for U.S. exporters unless port issues are resolved.
Policy Updates
Extension of U.S.-Jordan Free Trade Agreement Benefits
The U.S. and Jordan have agreed to extend specific provisions of their Free Trade Agreement, including tariff exemptions for petroleum oils and preparations (HS Code 2710). This aims to facilitate smoother trade and reduce costs for both parties.
Date: 2023-07-10