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Global Tariffs, Categorized
🇺🇸 United States
🇳🇮 Nicaragua
📦 Rope, curb, cable, chain and similar articles produced in continuous lengths, all the foregoing, whether or not cut to specific lengths and whether or not set with imitation pearls or imitation gemstones, suitable for use in the manufacture of articles provided for in this heading
🇺🇸 → 🇳🇮

United States to Nicaragua Trade Analysis for Rope, curb, cable, chain and similar articles produced in continuous lengths, all the foregoing, whether or not cut to specific lengths and whether or not set with imitation pearls or imitation gemstones, suitable for use in the manufacture of articles provided for in this heading

Detailed tariff information for Rope, curb, cable, chain and similar articles produced in continuous lengths, all the foregoing, whether or not cut to specific lengths and whether or not set with imitation pearls or imitation gemstones, suitable for use in the manufacture of articles provided for in this heading imports

Rope, curb, cable, chain and similar articles produced in continuous lengths, all the foregoing, whether or not cut to specific lengths and whether or not set with imitation pearls or imitation gemstones, suitable for use in the manufacture of articles provided for in this heading 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
Stable, with slight increase of 2% compared to 2021

Special Rates

Preferential Rate under DR-CAFTA
0%
Applicable to qualifying goods from the United States under the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA). Must meet rules of origin and documentation requirements.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Nicaragua Trade Agreement Boosts Rope and Cable Exports
A recent bilateral trade agreement between the United States and Nicaragua has reduced tariffs on rope, curb, cable, and chain articles under HS Code category, leading to a 15% increase in exports from Nicaragua to the US in the last quarter.
2023-10-15
Impact: This tariff reduction is expected to strengthen Nicaragua's position as a key supplier of these materials to the US market, potentially increasing market share for Nicaraguan manufacturers.
US Importers Face Supply Chain Delays for Nicaraguan Cable Products
Logistical challenges at Nicaraguan ports have delayed shipments of continuous length rope and cable products to the US, affecting manufacturers reliant on these imports for production.
2023-09-20
Impact: Delays may lead to temporary shortages and higher costs for US manufacturers, potentially prompting them to seek alternative suppliers if issues persist.
Nicaraguan Producers Innovate with Sustainable Rope Materials
Several Nicaraguan companies producing rope and similar articles have adopted eco-friendly materials, gaining attention from US buyers looking to meet sustainability standards.
2023-08-05
Impact: This shift could increase demand for Nicaraguan products in the US, especially among environmentally conscious companies, potentially boosting trade volume.
Policy Updates
US-Nicaragua CAFTA-DR Tariff Adjustment
Under the Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), tariffs on rope, curb, cable, and chain articles (HS Code category) have been reduced by 5% for Nicaraguan exports to the US, effective October 1, 2023, to encourage trade in manufacturing inputs.
Date: 2023-10-01