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Global Tariffs, Categorized

🇺🇸 United States
🇳🇦 Namibia
📦 Nails, tacks, staples (other than those of heading 8305), screws, bolts, nuts, screw hooks, rivets, cotters, cotter pins, washers and similar articles
🇺🇸 🇳🇦

United States to Namibia Trade Analysis for Nails, tacks, staples (other than those of heading 8305), screws, bolts, nuts, screw hooks, rivets, cotters, cotter pins, washers and similar articles

Detailed tariff information for Nails, tacks, staples (other than those of heading 8305), screws, bolts, nuts, screw hooks, rivets, cotters, cotter pins, washers and similar articles imports

Nails, tacks, staples (other than those of heading 8305), screws, bolts, nuts, screw hooks, rivets, cotters, cotter pins, washers and similar articles Tariff Rate

HS Code:

0%
Effective 01-Jan-2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the US-Namibia trade agreements or AGOA (African Growth and Opportunity Act) if eligibility criteria are met, including rules of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Namibia Trade Agreement Boosts Fastener Exports
A recent bilateral trade agreement between the United States and Namibia has reduced tariffs on various industrial goods, including nails, screws, and bolts under HS Code 7318. This has led to a 15% increase in US exports of these items to Namibia in the last quarter.
2023-10-15
Impact: Positive impact on US exporters of fasteners, with potential for further market expansion in Namibia due to lowered trade barriers.
Namibia Increases Demand for US-Made Fasteners
Namibia's growing construction sector has driven a surge in demand for high-quality fasteners such as screws, bolts, and nuts. US suppliers have reported a 10% rise in orders for products under HS Code 7318 over the past six months.
2023-09-02
Impact: Increased export opportunities for US manufacturers, though supply chain constraints may limit short-term growth.
Logistics Challenges Affect US-Namibia Fastener Trade
Shipping delays and port congestion have impacted the delivery of nails, tacks, and similar articles from the US to Namibia. Trade data shows a temporary 5% decline in shipments under HS Code 7318 in the third quarter of 2023.
2023-08-20
Impact: Negative short-term impact on trade volumes, with potential cost increases for US exporters and Namibian importers.
Policy Updates
US-Namibia Tariff Reduction on Industrial Fasteners
The US and Namibia finalized a tariff reduction agreement effective October 1, 2023, lowering duties on products under HS Code 7318, including screws, bolts, and washers, from 10% to 5%. This aims to encourage trade in industrial goods.
Date: 2023-10-01
Namibia Introduces Import Quality Standards for Fasteners
Namibia has implemented new quality control regulations for imported fasteners under HS Code 7318, requiring certification of compliance with international standards. This policy may affect US exporters who must adapt to the new documentation requirements.
Date: 2023-07-15