Stable (limited trade activity for this commodity between US and Monaco)
Special Rates
Preferential Rate
0%
Applicable under EU-US trade agreements; subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Crude Oil Between US and Monaco
Recent trade data indicates negligible trade of crude petroleum oils (HS Code: 2709) between the United States and Monaco, primarily due to Monaco's small size and lack of significant oil infrastructure or demand.
2023-10-15
Impact: No significant impact on trade as Monaco is not a major player in the crude oil market, and US exports are directed toward larger markets.
US Crude Oil Exports Focus on Larger European Markets
US crude oil exports to Europe continue to grow, but Monaco remains absent from the list of key destinations, with trade flows directed toward countries with refining capabilities.
2023-09-20
Impact: Minimal relevance for US-Monaco trade relations in crude oil, as Monaco's economy does not prioritize petroleum imports.
Monaco's Energy Imports Bypass Crude Oil from US
Monaco's energy needs are met primarily through refined products and alternative sources, with no recorded imports of crude petroleum oils from the United States in recent trade statistics.
2023-08-05
Impact: Continued lack of trade in crude oil between the US and Monaco, with no expected growth in this sector.
Policy Updates
No Specific US-Monaco Trade Agreements on Crude Oil
There are no bilateral trade agreements or tariff policies specifically addressing crude petroleum oils (HS Code: 2709) between the United States and Monaco, as trade in this commodity remains non-existent.
