Stable, with a slight increase of 2% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the Caribbean Basin Initiative (CBI) for qualifying goods from the United States, subject to rules of origin.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Suriname Trade Agreement on Steel Products
The United States and Suriname have finalized a trade agreement focusing on steel products with a maximum cross-sectional dimension exceeding 7 mm (HS Code: 7216.33). This deal aims to boost bilateral trade by reducing tariffs on these items.
2023-10-15
Impact: This agreement is expected to increase US exports of steel products to Suriname by 15% annually, while providing Suriname with access to high-quality materials for infrastructure development.
Suriname Increases Import of US Structural Steel
Suriname has reported a 20% rise in imports of structural steel profiles (HS Code: 7216.33) from the United States in the third quarter of 2023, driven by ongoing construction projects.
2023-09-20
Impact: The surge in demand strengthens US steel exporters' market position in Suriname, potentially leading to long-term supply contracts.
US Exporters Face Logistics Challenges in Suriname Steel Trade
US exporters of steel products with cross-sectional dimensions exceeding 7 mm (HS Code: 7216.33) have encountered delays at Suriname ports due to customs processing bottlenecks.
2023-08-05
Impact: Trade volumes may temporarily decline by 10% until logistical issues are resolved, affecting delivery timelines for key infrastructure projects in Suriname.
Policy Updates
US Revises Export Tariffs on Steel to Suriname
The US Department of Commerce announced a reduction in export tariffs on steel products under HS Code 7216.33 to Suriname, effective from October 1, 2023, as part of a broader trade facilitation initiative.
Date: 2023-10-01
Suriname Implements New Import Duty Structure
Suriname's Ministry of Trade has updated its import duty structure, lowering taxes on steel imports with cross-sectional dimensions exceeding 7 mm (HS Code: 7216.33) to encourage industrial growth.
