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Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm
United States to Oman Trade Analysis
for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm
Detailed tariff information for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm imports
Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm Tariff Rate
A recent bilateral trade agreement between the US and Oman has reduced tariffs on synthetic monofilament and strip products (HS Code 5404), facilitating increased exports from the US to Oman. This agreement aims to strengthen industrial ties.
2023-10-15
Impact: Positive impact on US exporters of synthetic monofilament and strip products, with reduced tariffs likely increasing market access and competitiveness in Oman.
Oman Increases Demand for US Synthetic Textile Materials
Oman’s growing construction and packaging sectors have led to a surge in demand for US-made synthetic monofilament and artificial straw products under HS Code 5404, with imports rising by 15% in the last quarter.
2023-09-20
Impact: Increased demand from Oman is expected to boost US export volumes, benefiting manufacturers of synthetic textile materials.
Shipping delays and rising freight costs have temporarily disrupted the supply of synthetic monofilament and strip products from the US to Oman, affecting delivery timelines for HS Code 5404 goods.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential cost increases for US exporters and delays for Omani importers.
Policy Updates
US-Oman Free Trade Agreement Tariff Reduction
Under the US-Oman Free Trade Agreement, tariffs on synthetic textile materials, including monofilament and strip products (HS Code 5404), have been reduced by 5%, effective from October 1, 2023, to promote bilateral trade.
