Not specifically available for HS Code category due to aggregation of data
Year
2022
Trend
Stable trade flow between U.S. and Puerto Rico for industrial goods
Special Rates
Jones Act Consideration
Free
Goods transported between the United States and Puerto Rico are subject to the Jones Act, requiring use of U.S.-flagged vessels. No additional tariffs apply as Puerto Rico is a U.S. territory.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Demand for Heavy Machinery in Puerto Rico
Recent infrastructure projects in Puerto Rico have led to a surge in imports of heavy machinery with a capacity between 40.8 and 63.5 metric tons from the United States, primarily for construction and rebuilding efforts post-natural disasters.
2023-10-15
Impact: This trend is expected to boost trade volumes between the US and Puerto Rico, potentially increasing shipping and logistics activities in this category under HS Code classification.
US Exporters Face Shipping Delays to Puerto Rico
Supply chain disruptions have caused delays in the shipment of heavy equipment (capacity 40.8-63.5 metric tons) from the US to Puerto Rico, affecting construction timelines on the island.
2023-09-22
Impact: Delays may lead to temporary trade slowdowns and increased costs for US exporters and Puerto Rican importers, impacting project budgets and schedules.
Puerto Rico Reconstruction Drives Heavy Equipment Imports
Federal funding for Puerto Rico’s reconstruction has spurred imports of heavy machinery in the 40.8 to 63.5 metric ton range from the US, with a focus on disaster recovery and infrastructure upgrades.
2023-08-10
Impact: This is likely to strengthen trade ties and increase demand for US-manufactured equipment, benefiting exporters under this HS Code category.
Policy Updates
Jones Act Waiver Discussions for Puerto Rico
Ongoing discussions in the US Congress about temporary waivers of the Jones Act could facilitate faster and cheaper shipping of heavy machinery (including those with capacity 40.8-63.5 metric tons) to Puerto Rico, easing trade restrictions.
Date: 2023-09-05
Updated FEMA Funding Guidelines for Puerto Rico
The Federal Emergency Management Agency (FEMA) has updated guidelines to expedite funding for infrastructure projects in Puerto Rico, potentially increasing the import of heavy equipment under specific HS Codes from the US.
