Limited data available; estimated less than $50,000 USD
Year
2022
Trend
Stable with low volume due to niche product category and small market size in Palau
Special Rates
Free Trade Agreement
0%
Applicable under the Compact of Free Association between the United States and Palau
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for Metal Testing Machines Between US and Palau
Recent trade data indicates minimal to no recorded exports or imports of machines and appliances for testing metals (HS Code: 9024.10) between the United States and Palau. This reflects the small scale of industrial activity in Palau.
October 2023
Impact: No significant impact on trade due to the negligible volume of transactions in this category.
US Export Regulations Remain Unchanged for Palau
The United States has maintained its existing export control policies for specialized equipment, including metal testing machines, to Palau. No specific barriers or incentives have been introduced recently.
September 2023
Impact: Trade remains unaffected as there are no new restrictions or facilitations for this HS code.
Palau's Industrial Sector Shows Limited Demand for Testing Equipment
Economic reports highlight that Palau's economy, primarily driven by tourism and fisheries, continues to show limited demand for industrial equipment like metal testing machines, impacting trade with the US.
August 2023
Impact: Low demand in Palau restricts potential growth in trade for this category with the United States.
Policy Updates
No Recent Tariff Changes for HS Code 9024.10
The United States and Palau have not introduced any new tariffs or trade agreements specifically affecting machines and appliances for testing metals under HS Code 9024.10. Existing trade frameworks under the Compact of Free Association continue to apply.
