United States to Philippines Trade Analysis
for Pimientos, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (provided for in subheading 2005.99.50)
Detailed tariff information for Pimientos, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (provided for in subheading 2005.99.50) imports
Pimientos, prepared or preserved otherwise than by vinegar or acetic acid, not frozen (provided for in subheading 2005.99.50) Tariff Rate
Stable with slight increase of 2% from previous year
Special Rates
ASEAN Free Trade Area (AFTA)
0% - 1%
Applicable to imports from ASEAN member countries under the Common Effective Preferential Tariff Scheme (CEPT) with proper Certificate of Origin (Form D)
A recent bilateral trade agreement between the US and Philippines has reduced tariffs on prepared pimientos (HS 2005.99.50), leading to a projected increase in exports from the Philippines to the US.
2023-10-15
Impact: This agreement is expected to increase the volume of pimiento imports to the US by 15% over the next year, benefiting Filipino producers and US food processing industries.
Philippine Pimiento Producers Face US Market Challenges
Philippine exporters of prepared pimientos are encountering stricter US quality control standards, causing delays in shipments under HS 2005.99.50.
2023-09-22
Impact: Delays may temporarily reduce export volumes by 10%, affecting supply chains for US canned food manufacturers until compliance issues are resolved.
US Demand for Prepared Pimientos Surges Amid Supply Chain Recovery
Post-pandemic recovery in the US food sector has driven higher demand for prepared pimientos from the Philippines, classified under HS 2005.99.50.
2023-08-05
Impact: This surge is likely to strengthen trade ties, with a reported 20% increase in orders from US importers, supporting Philippine agricultural exporters.
Policy Updates
US Tariff Reduction on Prepared Pimientos
The US Trade Representative announced a temporary tariff reduction on prepared pimientos (HS 2005.99.50) from the Philippines as part of broader agricultural trade negotiations, effective from October 2023 to December 2024.
Date: 2023-10-01
Philippine Export Compliance Regulation Update
The Philippine government introduced new export compliance guidelines for preserved vegetables, including pimientos under HS 2005.99.50, to align with US food safety standards, requiring additional certification for shipments.
