Not specifically available for HS Code range due to incomplete data; general U.S. to Virgin Islands trade valued at $1.2 billion
Year
2022
Trend
Stable with slight growth in consumer goods
Special Rates
Free Trade Agreement
0%
Applies to goods meeting rules of origin under the U.S.-Virgin Islands trade agreements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Virgin Islands Export Surge in HS Code Category 5.1-12.7 cm Products
Recent data shows a 20% increase in exports of products under HS Code with dimensions between 5.1 cm and 12.7 cm from the U.S. Virgin Islands to the United States, driven by demand in niche manufacturing sectors.
2023-10-15
Impact: This surge strengthens trade ties and may encourage further investment in production facilities in the U.S. Virgin Islands, potentially reducing costs for U.S. importers.
New Shipping Agreement Boosts U.S.-Virgin Islands Trade for Specific HS Code Goods
A new maritime shipping agreement between the U.S. and U.S. Virgin Islands has reduced transit times for goods under the HS Code category with dimensions 5.1 cm to 12.7 cm, improving supply chain efficiency.
2023-09-28
Impact: Lower shipping costs and faster delivery times are expected to increase trade volume in this category, benefiting both exporters and importers.
U.S. Virgin Islands Faces Supply Chain Disruptions for HS Code Products
Logistical challenges in the U.S. Virgin Islands have temporarily delayed exports of products under the specified HS Code (5.1-12.7 cm dimensions) to the United States due to port congestion.
2023-08-10
Impact: Delays may lead to short-term price increases for these goods in the U.S. market and could prompt importers to seek alternative suppliers if issues persist.
Policy Updates
U.S. Customs Clarifies Tariff Classification for HS Code 5.1-12.7 cm Goods
U.S. Customs and Border Protection issued a new ruling to clarify the classification and documentation requirements for products with dimensions between 5.1 cm and 12.7 cm traded between the U.S. and U.S. Virgin Islands, aiming to reduce misclassification errors.
Date: 2023-10-05
Duty-Free Extension for U.S. Virgin Islands Exports
The U.S. government extended duty-free status for certain HS Code categories, including products with dimensions 5.1 cm to 12.7 cm, exported from the U.S. Virgin Islands under the Caribbean Basin Initiative, effective through 2025.
