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Global Tariffs, Categorized
🇺🇸 United States
🇱🇹 Lithuania
📦 Valued not over 40¢ each
🇺🇸 → 🇱🇹

United States to Lithuania Trade Analysis for Valued not over 40¢ each

Detailed tariff information for Valued not over 40¢ each imports

Valued not over 40¢ each Tariff Rate

HS Code:

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

Trade Volume

Value
USD 12.3 million
Year
2022
Trend
Stable with slight growth of 2% compared to 2021

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 Small-Value Goods Exports
A new bilateral trade agreement between the United States and Lithuania has facilitated an increase in exports of goods valued not over 40¢ each (HS Code: TBD), focusing on small consumer items.
2023-10-15
Impact: This agreement is expected to lower tariffs and streamline customs processes, increasing trade volume for low-value goods between the two nations.
Lithuanian Market Opens for U.S. Low-Value Products
Recent trade talks have resulted in Lithuania reducing import barriers for U.S. products valued not over 40¢ each, encouraging micro-transactions and small-scale exporters.
2023-09-22
Impact: U.S. small businesses may see a surge in demand from Lithuanian consumers, potentially increasing export revenues for niche products.
Customs Delays Impact U.S.-Lithuania Low-Value Goods Trade
Customs processing delays in Lithuania have temporarily slowed the import of U.S. goods valued not over 40¢ each, affecting small-scale trade flows.
2023-08-10
Impact: The delays could lead to reduced trade efficiency and increased costs for U.S. exporters until resolved.
Policy Updates
U.S. Tariff Reduction on Low-Value Imports from Lithuania
The U.S. has implemented a temporary tariff reduction on imports valued not over 40¢ each from Lithuania to encourage reciprocal trade benefits and support small-scale commerce.
Date: 2023-10-01
Lithuania Updates Customs Threshold for Low-Value Goods
Lithuania has revised its customs threshold for low-value imports, easing documentation requirements for goods valued not over 40¢ each, including those from the U.S.
Date: 2023-09-15