Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate under USMCA
0%
Applicable if the product meets the rules of origin under the United States-Mexico-Canada Agreement (USMCA) and proper documentation (certificate of origin) is provided.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increase in Hand-Hooked Rug Imports from Mexico to the US
Recent trade data shows a 12% increase in hand-hooked rug imports from Mexico to the United States in the third quarter of 2023, driven by demand for artisanal home decor products.
2023-10-15
Impact: This surge strengthens trade ties between the US and Mexico under the USMCA agreement, potentially benefiting Mexican artisans and US retailers.
US Retailers Eye Mexican Hand-Hooked Products for Holiday Season
Major US retailers are partnering with Mexican suppliers of hand-hooked rugs and textiles to stock up for the holiday season, citing unique craftsmanship as a selling point.
2023-09-20
Impact: This trend could lead to higher export volumes from Mexico, though supply chain bottlenecks at the border may pose challenges.
A recent trade fair in Texas showcased Mexican hand-hooked textiles, leading to new contracts between US importers and Mexican producers for these handcrafted goods.
2023-08-05
Impact: The event is expected to boost bilateral trade in niche handcrafted products, potentially increasing market access for smaller Mexican producers.
Policy Updates
USMCA Rules of Origin Update for Textile Products
The USMCA committee issued a clarification on rules of origin for textile products, including hand-hooked items, ensuring that goods primarily produced in Mexico qualify for preferential tariff treatment when exported to the US.
