United States to Nicaragua Trade Analysis
for Of fir (Abies spp.) and spruce (Picea spp.), of which the smallest cross-sectional dimension is 15 cm or more
Detailed tariff information for Of fir (Abies spp.) and spruce (Picea spp.), of which the smallest cross-sectional dimension is 15 cm or more imports
Of fir (Abies spp.) and spruce (Picea spp.), of which the smallest cross-sectional dimension is 15 cm or more Tariff Rate
Stable, with slight increase of 3% compared to 2021
Special Rates
Preferential Rate under CAFTA-DR
0%
Applicable to imports from the United States under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), 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
US-Nicaragua Timber Trade Agreement Boosts Fir and Spruce Exports
A new bilateral trade agreement between the United States and Nicaragua has facilitated an increase in the export of fir (Abies spp.) and spruce (Picea spp.) with a cross-sectional dimension of 15 cm or more from Nicaragua to the US, focusing on sustainable forestry practices.
2023-10-15
Impact: This agreement is expected to increase the volume of timber trade, strengthen supply chains for US construction industries, and promote sustainable sourcing.
Nicaraguan Fir and Spruce Face US Import Tariffs Adjustment
The US has adjusted tariffs on certain timber imports, including fir and spruce from Nicaragua, to address trade imbalances and protect domestic producers.
2023-09-01
Impact: The tariff adjustment may lead to a slight decrease in the competitiveness of Nicaraguan timber in the US market, potentially reducing import volumes.
Sustainability Certification Boosts Nicaraguan Timber Exports to US
Nicaraguan exporters of fir and spruce have achieved international sustainability certifications, increasing demand for their products in the US market under HS Code classifications for timber with a cross-sectional dimension of 15 cm or more.
2023-07-20
Impact: This certification is likely to enhance trust and demand among US buyers, potentially increasing export volumes from Nicaragua.
Policy Updates
US Revises Import Duties on Nicaraguan Timber Products
The US Department of Commerce has implemented a revised duty structure on timber imports from Nicaragua, including fir (Abies spp.) and spruce (Picea spp.), to balance trade and support domestic industries. The new duties apply to products with a cross-sectional dimension of 15 cm or more under relevant HS Codes.
Date: 2023-09-01
Nicaragua Updates Forestry Export Regulations
Nicaragua has introduced stricter export regulations for timber, including fir and spruce, mandating sustainability certifications and documentation for all shipments to the US to ensure compliance with international environmental standards.
