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Global Tariffs, Categorized

🇺🇸 United States
🇻🇨 Saint Vincent and the Grenadines
📦 Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm
🇺🇸 🇻🇨

United States to Saint Vincent and the Grenadines Trade Analysis for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm

Detailed tariff information for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm imports

Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
USD 50,000
Year
2022
Trend
Stable with minor fluctuations over the past 3 years

Special Rates

CARICOM Preferential Rate
0%
Applicable to goods originating from CARICOM member states under the Revised Treaty of Chaguaramas.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Import of Synthetic Monofilament from Saint Vincent and the Grenadines
Recent trade data indicates a 12% rise in US imports of synthetic monofilament (HS Code 5404) from Saint Vincent and the Grenadines in Q3 2023, driven by demand in the textile and packaging industries.
2023-10-15
Impact: This surge may strengthen bilateral trade ties and encourage further investment in Saint Vincent's synthetic textile sector.
New US Tariff Adjustments Affect Synthetic Textile Imports
The US announced minor tariff adjustments on synthetic monofilament and strip products under HS Code 5404, impacting imports from small economies like Saint Vincent and the Grenadines.
2023-09-20
Impact: The tariff changes could slightly increase costs for US importers, potentially affecting trade volumes in the short term.
Saint Vincent and the Grenadines Boosts Export Capacity for Synthetic Textiles
Saint Vincent and the Grenadines has invested in new manufacturing facilities to enhance production of synthetic monofilament and strips, targeting the US market under HS Code 5404.
2023-08-05
Impact: This development is expected to increase export volumes to the US, fostering stronger trade relations.
Policy Updates
US Trade Commission Reviews Tariff Exemptions for Caribbean Nations
The US International Trade Commission is reviewing potential tariff exemptions for synthetic textile products (HS Code 5404) from Caribbean nations, including Saint Vincent and the Grenadines, under the Caribbean Basin Initiative.
Date: 2023-09-10