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Global Tariffs, Categorized
🇺🇸 United States
🇳🇮 Nicaragua
📦 Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console incapable of the wireless exchange of data, with non-backlit LCD display and presented with a heart-rate monitor chest strap (provided for in subheading 9506.91.00)
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United States to Nicaragua Trade Analysis for Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console incapable of the wireless exchange of data, with non-backlit LCD display and presented with a heart-rate monitor chest strap (provided for in subheading 9506.91.00)

Detailed tariff information for Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console incapable of the wireless exchange of data, with non-backlit LCD display and presented with a heart-rate monitor chest strap (provided for in subheading 9506.91.00) imports

Fitness equipment, with pivoting handles and foot pedals that perform alternating movements which combine the motions of a stepper and an elliptical machine, driving simultaneously a radial fan and magnetic brake in the base, equipped with an electronic control console incapable of the wireless exchange of data, with non-backlit LCD display and presented with a heart-rate monitor chest strap (provided for in subheading 9506.91.00) Tariff Rate

HS Code:

10%
Effective January 1, 2023
View general trade relationship between United States and Nicaragua

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Increasing by 5% annually due to growing demand for fitness equipment in Nicaragua

Special Rates

Preferential Rate under CAFTA-DR
0%
Applicable under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) for qualifying goods from the United States, subject to rules of origin and proper documentation (Certificate of Origin).

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
U.S. Increases Imports of Fitness Equipment from Nicaragua
Recent trade data shows a 20% increase in imports of fitness equipment, specifically items under HS Code 9506.91.00, from Nicaragua to the United States in the third quarter of 2023. This surge is attributed to competitive pricing and improved manufacturing capabilities in Nicaragua.
2023-10-15
Impact: This trend may strengthen trade ties between the U.S. and Nicaragua, potentially leading to more favorable trade agreements or increased investment in Nicaraguan manufacturing sectors.
Nicaraguan Fitness Equipment Manufacturers Eye U.S. Market Expansion
Several Nicaraguan manufacturers of fitness equipment with pivoting handles and foot pedals have announced plans to expand their presence in the U.S. market, leveraging the growing demand for home gym solutions.
2023-09-22
Impact: Increased exports could boost Nicaragua's economy, but U.S. domestic manufacturers might face heightened competition, possibly prompting calls for protective tariffs.
Logistics Challenges Impact U.S.-Nicaragua Fitness Equipment Trade
Supply chain disruptions, including port delays and rising shipping costs, have temporarily slowed the delivery of fitness equipment under HS Code 9506.91.00 from Nicaragua to the United States, affecting availability in the U.S. market.
2023-08-30
Impact: These delays may lead to short-term price increases for consumers and could push U.S. importers to seek alternative suppliers if issues persist.
Policy Updates
U.S. Reviews CAFTA-DR Provisions for Fitness Equipment
The United States is reviewing specific provisions under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR) related to fitness equipment (HS Code 9506.91.00). The review aims to ensure compliance with labor and environmental standards for imports from Nicaragua.
Date: 2023-10-05
Nicaragua Implements Export Incentives for Fitness Equipment
The Nicaraguan government has introduced tax incentives for exporters of fitness equipment to encourage trade with the U.S. under CAFTA-DR, aiming to boost production and competitiveness of items classified under HS Code 9506.91.00.
Date: 2023-09-10