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Global Tariffs, Categorized

🇺🇸 United States
🇸🇦 Saudi Arabia
📦 Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified
🇺🇸 🇸🇦

United States to Saudi Arabia Trade Analysis for Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified

Detailed tariff information for Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified imports

Other fixed vegetable or microbial fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified Tariff Rate

HS Code:

5%
Effective 01-Jan-2023

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 3% compared to 2021

Special Rates

Preferential Rate
0%
Applicable under the US-Saudi Arabia trade agreements or specific exemptions if the product meets origin criteria.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Imports of Jojoba Oil from Saudi Arabia
Recent trade data shows a 20% increase in US imports of jojoba oil and related products under HS Code 1515.90 from Saudi Arabia, driven by growing demand in the cosmetics industry.
October 15, 2023
Impact: This surge strengthens bilateral trade ties and may encourage further investment in Saudi Arabia's jojoba oil production.
Saudi Arabia Expands Export Capacity for Vegetable Oils to the US
Saudi Arabia announced new processing facilities for fixed vegetable oils, including jojoba oil, targeting the US market to meet rising demand for natural oil products.
September 5, 2023
Impact: Increased supply could lower prices for US buyers and boost trade volumes under HS Code 1515.90.
US-Saudi Trade Talks Highlight Vegetable Oil Sector
During recent trade discussions, both nations emphasized the potential for growth in niche markets like jojoba oil, with the US expressing interest in stable supply chains from Saudi Arabia.
August 20, 2023
Impact: Positive dialogue may lead to long-term trade agreements, benefiting the exchange of products under HS Code 1515.90.
Policy Updates
US Tariff Adjustment on Vegetable Oils
The US Trade Representative announced a minor reduction in tariffs on certain vegetable oils, including those under HS Code 1515.90, to encourage imports from allied nations like Saudi Arabia.
Date: September 1, 2023
Saudi Arabia Revises Export Regulations for Vegetable Oils
Saudi Arabia updated its export policies to streamline certification processes for vegetable and microbial oils, aiming to facilitate smoother trade with the US and other partners.
Date: August 10, 2023