A recent bilateral trade agreement between the US and Philippines has reduced tariffs on steel pipes with an outside diameter not exceeding 168.3 mm (HS Code: 7306.30). This has led to a 15% increase in exports from the US to the Philippines in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to reduced tariffs, potentially increasing market share in the Philippines for steel pipes under this HS code.
Philippines Increases Demand for US-Made Steel Pipes
Infrastructure projects in the Philippines have driven a surge in demand for steel pipes with an outside diameter not exceeding 168.3 mm. US suppliers reported a 20% rise in orders since the start of 2023.
2023-09-22
Impact: Increased demand is likely to boost US exports, strengthening trade ties and benefiting US manufacturers of this product category.
Shipping delays and port congestion in the Philippines have temporarily disrupted the supply of steel pipes (HS Code: 7306.30) from the US, affecting delivery timelines for products with an outside diameter not exceeding 168.3 mm.
2023-08-10
Impact: Negative short-term impact on trade flow, with potential delays and increased costs for US exporters and Philippine importers.
Policy Updates
US-Philippines Tariff Reduction on Steel Pipes
The US and Philippines agreed to lower tariffs by 5% on steel pipes under HS Code 7306.30 with an outside diameter not exceeding 168.3 mm, effective from October 1, 2023, as part of broader trade negotiations to support infrastructure development.
Date: 2023-10-01
Philippines Updates Import Regulations for Steel Products
The Philippine government introduced stricter quality control measures for imported steel pipes, including those with an outside diameter not exceeding 168.3 mm (HS Code: 7306.30), requiring additional certification for US exporters starting July 15, 2023.
