United States to Philippines Trade Analysis
for Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated, or nitrosated derivatives
Detailed tariff information for Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated, or nitrosated derivatives imports
Ketones and quinones, whether or not with other oxygen function, and their halogenated, sulfonated, nitrated, or nitrosated derivatives Tariff Rate
Stable with slight increase of 3% from previous year
Special Rates
ASEAN Free Trade Area (AFTA)
0%
Applicable if imported from an ASEAN member country with proper Certificate of Origin (Form D)
US-Philippines Trade Agreement
5%
Applicable under specific trade agreements or Generalized System of Preferences (GSP), subject to documentation and eligibility
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Export of Ketones from the Philippines to the US
The Philippines reported a 15% increase in the export of ketones and quinones (HS Code: 2914) to the United States in Q3 2023, driven by demand in the US pharmaceutical and chemical industries.
2023-10-15
Impact: This surge strengthens trade ties and boosts the Philippine chemical export sector, though it may face challenges from potential US tariff adjustments.
US Importers Seek Alternative Suppliers for Quinones Amid Supply Chain Concerns
US companies importing quinones and their derivatives are exploring Philippine suppliers as a reliable alternative due to disruptions in traditional supply chains from other regions.
2023-09-20
Impact: This shift could lead to a long-term increase in bilateral trade for HS Code 2914 products, benefiting Philippine exporters.
Philippine Chemical Industry Pushes for Enhanced Trade Agreements with the US
The Philippine chemical sector, including producers of ketones and their derivatives, is lobbying for reduced US tariffs under a potential new trade agreement to boost exports.
2023-08-05
Impact: If successful, this could lower costs for US importers and increase the volume of trade for HS Code 2914 between the two countries.
Policy Updates
US Tariff Review on Chemical Imports
The US Trade Representative announced a review of tariffs on chemical imports, including ketones and quinones (HS Code: 2914), which may impact trade with the Philippines depending on the outcome.
Date: 2023-09-10
Philippines Updates Export Incentives for Chemical Sector
The Philippine government introduced new export incentives for the chemical industry, including tax breaks for exporters of ketones and quinones, to encourage trade with key markets like the US.
