Stable with slight increase due to construction sector demand in Oman
Special Rates
Preferential Rate
0%
Applicable under the US-Oman Free Trade Agreement (FTA) for qualifying goods with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Oman Trade Agreement Boosts Hammer Exports
A recent bilateral trade agreement between the United States and Oman has reduced tariffs on tools, including hammers and sledgehammers (HS Code: 8205.20), leading to a 15% increase in US exports to Oman in the last quarter.
2023-10-15
Impact: Positive impact on US exporters with reduced tariffs and increased market access in Oman.
Oman Increases Demand for US-Made Sledgehammers
Oman's construction sector growth has driven a surge in demand for US-manufactured sledgehammers, with imports rising by 20% year-over-year as reported by the US Department of Commerce.
2023-09-22
Impact: Significant growth in export opportunities for US manufacturers in the construction tool sector.
Supply Chain Delays Affect Hammer Shipments to Oman
Global supply chain disruptions have delayed shipments of hammers and parts thereof from the US to Oman, causing a temporary 10% drop in trade volume for these goods.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chains stabilize.
Policy Updates
US-Oman Free Trade Agreement Tariff Reduction
Under the US-Oman Free Trade Agreement, tariffs on hand tools, including hammers and sledgehammers (HS Code: 8205.20), have been reduced to 0% for qualifying goods, effective from July 1, 2023, to encourage bilateral trade.
