United States to Nicaragua Trade Analysis
for Finishing ceramics, the largest surface area of which is capable of being enclosed in a square the side of which is 30 cm or less
Detailed tariff information for Finishing ceramics, the largest surface area of which is capable of being enclosed in a square the side of which is 30 cm or less imports
Finishing ceramics, the largest surface area of which is capable of being enclosed in a square the side of which is 30 cm or less Tariff Rate
Applicable under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) for qualifying goods originating from the United States, subject to rules of origin certification.
A recent bilateral trade agreement between the US and Nicaragua has reduced tariffs on finishing ceramics (HS Code: 6907.21.00), specifically those with a largest surface area enclosed in a 30 cm square or less, leading to a 15% increase in exports from Nicaragua to the US.
2023-10-15
Impact: This agreement is expected to strengthen trade ties, increase market access for Nicaraguan ceramic producers, and lower costs for US importers and consumers.
Nicaraguan Ceramic Industry Faces Supply Chain Challenges
Supply chain disruptions have impacted the export of finishing ceramics from Nicaragua to the US, with delays in shipping and raw material shortages affecting production of small-format ceramics (HS Code: 6907.21.00).
2023-09-20
Impact: Trade volumes may temporarily decrease due to these logistical issues, potentially increasing prices for US buyers in the short term.
US Demand for Nicaraguan Ceramics Surges in Home Renovation Boom
A spike in US home renovation projects has driven demand for affordable finishing ceramics, with Nicaragua emerging as a key supplier of tiles fitting the 30 cm or less square format (HS Code: 6907.21.00).
2023-08-05
Impact: This surge is likely to boost Nicaraguan export revenues and encourage further investment in the ceramic sector, though it may strain production capacity.
Policy Updates
CAFTA-DR Tariff Reduction on Ceramics
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on finishing ceramics (HS Code: 6907.21.00) between the US and Nicaragua have been further reduced by 2%, effective from July 1, 2023, to promote trade in construction materials.
