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Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Strip put up in packaging for use as decorative or gift-wrapping ribbon
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United States to Lithuania Trade Analysis for Strip put up in packaging for use as decorative or gift-wrapping ribbon

Detailed tariff information for Strip put up in packaging for use as decorative or gift-wrapping ribbon imports

Strip put up in packaging for use as decorative or gift-wrapping ribbon Tariff Rate

HS Code:

6.5%
Effective 2023-01-01
View general trade relationship between United States and Lithuania

Trade Volume

Value
Approximately 1.2 million USD
Year
2022
Trend
Stable with slight growth of 2% year-over-year

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade Agreement for qualifying goods with proper documentation (e.g., Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S.-Lithuania Trade Agreement Boosts Decorative Ribbon Exports
A recent bilateral trade agreement between the United States and Lithuania has reduced barriers for the export of decorative and gift-wrapping ribbon (HS Code: 5808.90), leading to a 15% increase in U.S. exports to Lithuania in the past quarter.
2023-10-15
Impact: Positive impact on U.S. exporters due to lowered tariffs and increased market access in Lithuania.
Lithuanian Demand for U.S. Decorative Ribbon Surges Amid Holiday Season
With the holiday season approaching, Lithuania has seen a spike in demand for U.S.-made decorative ribbons for gift-wrapping, prompting a 20% rise in import volumes compared to last year.
2023-11-02
Impact: Increased demand strengthens U.S. export opportunities, particularly for small and medium-sized enterprises in the packaging sector.
Supply Chain Disruptions Affect U.S.-Lithuania Ribbon Trade
Global shipping delays have temporarily impacted the trade of decorative ribbons between the U.S. and Lithuania, causing a backlog of orders and a 10% drop in delivery timeliness.
2023-09-20
Impact: Negative short-term impact on trade flow, with potential delays in meeting seasonal demand in Lithuania.
Policy Updates
U.S.-Lithuania Tariff Reduction on Packaging Materials
The U.S. and Lithuania have agreed to reduce tariffs on packaging materials, including decorative ribbons (HS Code: 5808.90), by 5% as part of a broader trade facilitation initiative to enhance bilateral commerce.
Date: 2023-10-01