📦
Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg
United States to Nicaragua Trade Analysis
for Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg
Detailed tariff information for Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg imports
Other preparations in blocks, slabs or bars, weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg Tariff Rate
Stable, with a slight increase of 3% compared to 2021
Special Rates
Preferential Rate under CAFTA-DR
0%
Applicable to goods originating from the United States under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), subject to rules of origin certification.
A recent bilateral trade agreement between the United States and Nicaragua has facilitated increased exports of processed food products, including other preparations in blocks, slabs, or bulk forms under HS Code 1806.20, with a notable rise in shipments of chocolate and cocoa-based products.
2023-10-15
Impact: This agreement is expected to lower tariffs and increase the volume of trade for bulk food preparations, benefiting U.S. exporters by enhancing market access in Nicaragua.
Nicaraguan Import Surge of U.S. Bulk Food Preparations
Nicaragua reported a 15% increase in imports of U.S.-made bulk food preparations (HS Code 1806.20) in Q3 2023, driven by demand for chocolate and other confectionery bases in containers exceeding 2 kg.
2023-09-22
Impact: The surge reflects growing demand in Nicaragua for U.S. food products, potentially leading to stronger trade ties and opportunities for U.S. manufacturers.
Logistical disruptions in Central American shipping routes have temporarily impacted the delivery of bulk food preparations from the U.S. to Nicaragua, causing delays in products like cocoa and chocolate bases under HS Code 1806.20.
2023-08-10
Impact: These delays may lead to short-term reductions in trade volume and higher costs for importers in Nicaragua, potentially affecting pricing and availability.
Policy Updates
CAFTA-DR Tariff Reduction on Bulk Food Preparations
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on other preparations in blocks, slabs, or bulk form (HS Code 1806.20) between the U.S. and Nicaragua have been reduced by 5%, effective July 2023, to promote trade in processed food products.
