Stable with slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the Serbia-US Trade Agreement for specific wool categories with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Serbia Wool Trade Sees Modest Growth Amid Global Demand
Recent trade data indicates a slight increase in wool exports from Serbia to the United States, driven by growing demand for sustainable textile materials in the U.S. market.
2023-10-15
Impact: This growth may encourage Serbian wool producers to expand production, potentially strengthening bilateral trade ties, though volumes remain small compared to major wool exporters.
New U.S. Import Regulations Affect Serbian Wool Shipments
The U.S. introduced stricter documentation requirements for wool imports, causing delays for Serbian exporters unfamiliar with the updated compliance standards.
2023-09-22
Impact: Short-term disruptions in wool trade are expected, with potential cost increases for Serbian exporters until they adapt to the new regulations.
Serbian Wool Gains Attention at U.S. Textile Trade Fair
Serbian wool producers showcased their products at a major U.S. textile trade fair, securing initial contracts with American buyers interested in niche, high-quality wool products.
2023-08-10
Impact: This exposure could lead to a gradual increase in wool exports to the U.S., though scalability remains a challenge for Serbian producers.
Policy Updates
U.S. Updates Tariff Classification for Wool Products
The U.S. Customs and Border Protection agency revised the Harmonized System (HS) classification guidelines for wool products, requiring more detailed reporting for imports under HS Code 51, which may affect Serbian exporters.
Date: 2023-09-01
Serbia Introduces Export Support for Wool Industry
The Serbian government launched a subsidy program to support wool exporters, offering financial incentives to small and medium-sized enterprises targeting markets like the U.S.
