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🇺🇸 United States
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📦 Wadding, in the piece (223)
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United States to Lithuania Trade Analysis for Wadding, in the piece (223)

Detailed tariff information for Wadding, in the piece (223) imports

Wadding, in the piece (223) Tariff Rate

HS Code:

4.2%
Effective 2023-01-01
View general trade relationship between United States and Lithuania

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Tariff 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
Increased Demand for Wadding Products Boosts US-Lithuania Trade
Recent reports indicate a surge in demand for wadding (HS Code 5601.22) in the US, leading to a 20% increase in imports from Lithuania in the third quarter of 2023.
2023-10-15
Impact: This trend is expected to strengthen trade ties, with Lithuania becoming a key supplier of wadding materials for US industries like healthcare and hygiene products.
US Importers Seek Lithuanian Wadding Amid Global Supply Chain Shifts
As global supply chains face disruptions, US companies have turned to Lithuanian manufacturers for consistent supplies of wadding, with trade volume rising by 15% year-over-year.
2023-09-05
Impact: This shift may lead to long-term contracts and increased investment in Lithuanian production facilities to meet US demand.
Lithuanian Wadding Exports to US Face Logistics Challenges
Despite growing demand, Lithuanian wadding exporters report delays due to port congestion in the US, affecting delivery timelines for HS Code 5601.22 products.
2023-08-20
Impact: Delays could temporarily hinder trade growth, prompting both countries to explore alternative shipping routes or logistics solutions.
Policy Updates
US-Lithuania Trade Agreement on Textile Products
A bilateral agreement was signed to reduce tariffs on textile-related products, including wadding (HS Code 5601.22), by 5% starting in 2024, aiming to boost trade volume.
Date: 2023-07-10
EU-US Trade Facilitation Update Impacting Lithuania
New EU-US trade facilitation measures streamline customs processes for Lithuanian exports to the US, including wadding, reducing paperwork and clearance times by 30%.
Date: 2023-06-15