Limited data available; estimated at less than $100,000 USD
Year
2022
Trend
Stable with low volume
Special Rates
Preferential Rate
0%
Applicable under the South Asian Free Trade Area (SAFTA) agreement if accompanied by a Certificate of Origin and meeting specific criteria; not directly applicable to imports from the United States.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Demand for Hand-Hooked Rugs from Maldives in the US
Recent trade data shows a surge in imports of hand-hooked rugs (HS Code: 5703.10) from Maldives to the United States, driven by growing consumer interest in artisanal home decor.
2023-10-15
Impact: This trend is likely to boost bilateral trade, encouraging more Maldivian artisans to export to the US market, though supply chain logistics remain a challenge.
US Retailers Showcase Maldivian Hand-Hooked Products at Trade Fair
Several US retailers highlighted hand-hooked rugs and textiles from Maldives at a major home decor trade fair, aiming to expand their sourcing from the region.
2023-09-20
Impact: Increased visibility may lead to higher import volumes, strengthening trade ties, but could also pressure Maldivian producers to scale up production.
Shipping Delays Affect Hand-Hooked Rug Imports from Maldives
Ongoing global shipping disruptions have delayed deliveries of hand-hooked rugs from Maldives to the United States, impacting small-scale importers.
2023-08-05
Impact: Trade volumes may temporarily decline due to logistical challenges, potentially increasing costs for US buyers and affecting market competitiveness.
Policy Updates
US Extends Tariff Exemptions for Certain Maldivian Textile Imports
The US Trade Representative announced a temporary extension of tariff exemptions under the Generalized System of Preferences (GSP) for specific textile products, including hand-hooked rugs from Maldives, to support small-scale producers.
