United States to Virgin Islands, U.S. Trade Analysis
for Storage lockers, other than exchange lockers as described in statistical note 4 to this chapter
Detailed tariff information for Storage lockers, other than exchange lockers as described in statistical note 4 to this chapter imports
Storage lockers, other than exchange lockers as described in statistical note 4 to this chapter Tariff Rate
Not specifically available for storage lockers; aggregated data for furniture and related articles approximately $5 million
Year
2022
Trend
Stable with slight increase due to demand for storage solutions
Special Rates
Insular Possessions
Free
Goods imported into the U.S. Virgin Islands from the United States are generally duty-free under the insular possessions provisions, subject to compliance with local regulations and origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Import of Storage Lockers from U.S. Virgin Islands
Recent trade data shows a 20% increase in the import of storage lockers (excluding exchange lockers) from the U.S. Virgin Islands to the United States, driven by demand in commercial and residential sectors.
October 15, 2023
Impact: This surge may strengthen trade ties and encourage further investment in manufacturing capabilities in the U.S. Virgin Islands.
New Shipping Agreement Boosts Storage Locker Trade
A new shipping agreement between U.S. mainland ports and the U.S. Virgin Islands has reduced transportation costs for storage lockers, facilitating smoother trade flows.
September 28, 2023
Impact: Lower shipping costs are expected to increase trade volume and make storage lockers more competitively priced in the U.S. market.
U.S. Virgin Islands Expands Storage Locker Production Capacity
A major manufacturer in the U.S. Virgin Islands announced the expansion of production facilities for storage lockers to meet growing U.S. demand, supported by local incentives.
August 10, 2023
Impact: This expansion could lead to a higher export volume to the U.S., potentially impacting domestic manufacturers and pricing.
Policy Updates
Updated Tariff Classification for Storage Lockers
U.S. Customs and Border Protection issued a clarification on the Harmonized System (HS) code for storage lockers (excluding exchange lockers as per statistical note 4), ensuring accurate classification and duty assessment for imports from the U.S. Virgin Islands.
Date: October 1, 2023
Trade Incentive Program for U.S. Territories
The U.S. government introduced a temporary trade incentive program offering reduced tariffs on certain manufactured goods, including storage lockers, from U.S. territories like the Virgin Islands to encourage local production.
