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Global Tariffs, Categorized

🇺🇸 United States
🇳🇷 Nauru
📦 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils
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United States to Nauru Trade Analysis for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils

Detailed tariff information for Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils imports

Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils Tariff Rate

HS Code:

5%
Effective 01-Jan-2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase due to energy demands

Special Rates

Preferential Rate
0%
Applicable under specific trade agreements or for essential use as determined by Nauru authorities.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Limited Trade Activity in Petroleum Oils Between US and Nauru
Recent trade data indicates negligible trade of petroleum oils and related products (HS Code 2710) between the United States and Nauru, a small Pacific island nation with limited industrial activity and demand for such products.
2023-10-15
Impact: No significant impact on US trade due to the extremely low volume and value of trade with Nauru in this category.
US Export Restrictions and Nauru’s Import Capacity
Analysis shows that US export controls on petroleum products have little relevance to Nauru, as the country lacks the infrastructure to handle significant imports of petroleum oils or waste oils.
2023-09-20
Impact: Minimal impact on bilateral trade, as Nauru is not a key market for US petroleum oil exports.
Nauru’s Economic Constraints Affect Petroleum Trade
Nauru’s small economy and reliance on foreign aid limit its ability to engage in substantial trade of petroleum oils with the United States, with no recorded transactions in this category for the past quarter.
2023-08-05
Impact: No measurable effect on US-Nauru trade relations due to the absence of active trade in petroleum oils.
Policy Updates
No Specific US-Nauru Trade Policy for Petroleum Oils
There are no recent or specific trade policies or tariff updates between the United States and Nauru concerning petroleum oils and related products (HS Code 2710), as trade in this sector remains virtually non-existent.
Date: 2023-11-01