Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate under USMCA
0%
Applicable only if the importer provides proof of origin under the United States-Mexico-Canada Agreement (USMCA) and meets specific criteria.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US Increases Import of Animal Fats from Malaysia Amid Rising Demand
The United States has seen a significant rise in imports of other animal fats and oils (HS Code: 1506) from Malaysia in Q3 2023, driven by demand in the food processing and biofuel industries.
2023-10-15
Impact: This surge is expected to strengthen trade ties between the US and Malaysia, with potential for long-term supply agreements.
Malaysia Boosts Export Capacity for Animal Fats to Meet US Needs
Malaysian exporters have ramped up production and refining capabilities for animal fats and oils to cater to growing US market demand, focusing on quality and sustainability standards.
2023-09-20
Impact: Increased export capacity may lead to a more competitive pricing structure, benefiting US buyers and potentially increasing import volumes.
Trade Talks Highlight Animal Fats as Key Commodity Between US and Malaysia
Recent bilateral trade discussions between the US and Malaysia emphasized the role of animal fats and oils as a growing commodity in their trade portfolio, with both sides exploring tariff reductions.
2023-08-05
Impact: Potential tariff reductions could lower costs for US importers, further boosting trade in this category.
Policy Updates
US Revises Import Tariffs on Animal Fats and Oils
The US Department of Commerce announced a minor reduction in tariffs on imports of other animal fats and oils (HS Code: 1506) from select countries, including Malaysia, to support domestic industries reliant on these inputs.
Date: 2023-09-10
Malaysia Updates Export Regulations for Animal-Derived Products
Malaysia introduced stricter quality control and certification requirements for exported animal fats and oils to align with international standards, impacting shipments to the US.
