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Global Tariffs, Categorized
🇺🇸 United States
🇸🇷 Suriname
📦 Ethyl alcohol and other spirits, denatured of any strength if such ethyl alcohol is to be used as a fuel or is suitable for use in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol or any other mixture to be used as a fuel
🇺🇸 → 🇸🇷

United States to Suriname Trade Analysis for Ethyl alcohol and other spirits, denatured of any strength if such ethyl alcohol is to be used as a fuel or is suitable for use in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol or any other mixture to be used as a fuel

Detailed tariff information for Ethyl alcohol and other spirits, denatured of any strength if such ethyl alcohol is to be used as a fuel or is suitable for use in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol or any other mixture to be used as a fuel imports

Ethyl alcohol and other spirits, denatured of any strength if such ethyl alcohol is to be used as a fuel or is suitable for use in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol or any other mixture to be used as a fuel Tariff Rate

HS Code:

25%
Effective January 1, 2023
View general trade relationship between United States and Suriname

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase due to demand for alternative fuels

Special Rates

Preferential Rate
0%
Applicable under CARICOM-US trade agreements if specific criteria for origin and usage as fuel are met.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US Increases Ethyl Alcohol Imports from Suriname for Biofuel Production
The United States has ramped up imports of denatured ethyl alcohol from Suriname, focusing on its use as a biofuel component. This surge is driven by the growing demand for renewable energy sources in the US market.
2023-10-15
Impact: This increase in imports strengthens trade ties between the US and Suriname, potentially leading to more consistent export volumes of ethyl alcohol for fuel purposes from Suriname.
Suriname Expands Ethyl Alcohol Production Capacity for US Market
Suriname has invested in new distillation facilities to boost the production of denatured ethyl alcohol, targeting the US market for biofuel mixtures. This development aims to meet the rising US demand for sustainable fuel alternatives.
2023-09-22
Impact: The expanded production capacity could lead to a significant rise in exports to the US, enhancing Suriname's position as a key supplier of ethyl alcohol for fuel.
US-Suriname Trade Talks Focus on Ethyl Alcohol for Fuel
Recent bilateral trade discussions between the US and Suriname highlighted the potential for increased trade in denatured ethyl alcohol for use in gasoline and special fuel mixtures, with both countries exploring favorable trade terms.
2023-08-10
Impact: These talks may result in reduced trade barriers, fostering greater export opportunities for Suriname and ensuring a steady supply of biofuel components for the US.
Policy Updates
US Updates Tariff Classification for Ethyl Alcohol Imports
The US Customs and Border Protection agency has clarified the tariff classification under HS Code 2207.20 for denatured ethyl alcohol used as fuel, ensuring streamlined import processes for products from Suriname and other countries.
Date: 2023-07-05
Suriname Introduces Export Incentives for Biofuel Alcohol
The Surinamese government has implemented tax incentives and subsidies for producers exporting denatured ethyl alcohol for fuel purposes, aiming to boost trade with key markets like the United States.
Date: 2023-06-18