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Global Tariffs, Categorized

🇺🇸 United States
🇹🇻 Tuvalu
📦 Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils:
🇺🇸 🇹🇻

United States to Tuvalu Trade Analysis for Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils:

Detailed tariff information for Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils: imports

Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 percent or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, other than those containing biodiesel and other than waste oils: Tariff Rate

HS Code:

5%
Effective January 1, 2023

Trade Volume

Value
Minimal (exact data unavailable)
Year
2022
Trend
Stable with low volume due to limited demand and logistical constraints

Special Rates

Preferential Rate
0%
Applicable under the Pacific Island Countries Trade Agreement (PICTA) if specific criteria for origin are met. Not applicable for imports from the United States.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Limited Trade Activity for Petroleum Oils Between US and Tuvalu
Recent trade data indicates minimal to no significant transactions of petroleum oils and oils obtained from bituminous minerals (HS Code 2710) between the United States and Tuvalu, reflecting the small scale of Tuvalu's economy and limited demand for such products.
October 2023
Impact: No substantial impact on trade due to the negligible volume of transactions in this category between the two nations.
US Export Reports Show No Specific Deals with Tuvalu for Refined Petroleum Products
US export records for refined petroleum oils (HS Code 2710) do not highlight specific trade agreements or shipments to Tuvalu, underscoring the lack of direct trade routes or demand in this sector.
September 2023
Impact: Trade remains unaffected as there is no established market or demand for these products in Tuvalu from the US.
Tuvalu's Energy Imports Focus on Regional Suppliers, Not US
Tuvalu, a small Pacific island nation, primarily sources its petroleum products from closer regional suppliers like Australia and New Zealand, with no notable imports of HS Code 2710 products from the United States.
August 2023
Impact: Minimal impact on US-Tuvalu trade relations, as Tuvalu's import needs for petroleum oils are met by geographically closer partners.
Policy Updates
No Specific US-Tuvalu Trade Policy for Petroleum Oils
There are no recent or specific trade policies or tariff updates between the United States and Tuvalu concerning petroleum oils and oils obtained from bituminous minerals (HS Code 2710), due to the lack of significant trade volume in this category.
Date: October 2023