Stable with minor fluctuations due to seasonal demand for sports equipment.
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for humanitarian aid shipments, subject to documentation.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Exports of Inflatable Basketballs to Libya Amid Rising Demand
Recent trade data indicates a significant rise in the export of inflatable basketballs (HS 9506.62.80) from the U.S. to Libya, driven by increased demand for sports equipment in Libyan schools and recreational facilities.
October 15, 2023
Impact: This surge is expected to strengthen trade ties, with U.S. exporters potentially seeing a 20% increase in sales to Libya for this product category over the next year.
Libya Imposes Temporary Import Restrictions on Sports Goods, Affecting U.S. Basketball Exports
Libya has introduced temporary import restrictions on certain sports goods, including inflatable basketballs with rubber outer surfaces, to support local manufacturing initiatives, impacting U.S. exporters.
September 5, 2023
Impact: U.S. exporters may face a decline in shipments to Libya, with potential losses estimated at 15% of current trade volume until restrictions are lifted.
U.S.-Libya Trade Talks Highlight Sports Equipment, Including Inflatable Basketballs
During recent bilateral trade discussions, both nations focused on easing barriers for sports equipment, including inflatable basketballs under HS 9506.62.80, to promote cultural and recreational exchanges.
August 20, 2023
Impact: If successful, these talks could reduce tariffs and increase U.S. exports of inflatable basketballs to Libya by up to 10% in the coming months.
Policy Updates
Libya Introduces New Import Tariff on Sports Equipment
Libya has enacted a 5% import tariff on sports equipment, including inflatable basketballs (HS 9506.62.80), as part of a broader policy to encourage domestic production. This may affect U.S. exporters by increasing costs for Libyan buyers.
