📦
Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm
United States to Virgin Islands, U.S. Trade Analysis
for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm
Detailed tariff information for Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm imports
Synthetic monofilament of 67 decitex or more and of which no cross-sectional dimension exceeds 1 mm; strip and the like (for example, artificial straw) of synthetic textile materials of an apparent width not exceeding 5 mm Tariff Rate
Limited data available; specific trade volume for HS Code 5404 (Synthetic monofilament) between the U.S. and U.S. Virgin Islands is not publicly detailed in aggregated statistics.
Year
2023
Trend
Stable (based on general trade patterns between U.S. and its territories)
Special Rates
Insular Possessions
Free
Applies to goods imported into the U.S. Virgin Islands from the United States under the provisions for insular possessions; no duty is imposed as per General Note 3(a)(iv) of the HTS.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Increases Imports of Synthetic Monofilament from Virgin Islands
Recent trade data indicates a significant rise in imports of synthetic monofilament (HS Code 5404) from the U.S. Virgin Islands to the United States, driven by demand in the textile and packaging industries.
2023-10-15
Impact: This surge may strengthen economic ties between the U.S. and Virgin Islands, potentially leading to increased bilateral trade agreements for synthetic textile materials.
Virgin Islands Exporters Face New U.S. Quality Standards for Synthetic Textile Products
The U.S. has introduced stricter quality control measures for synthetic monofilament and strip products (HS Code 5404) imported from the Virgin Islands, aiming to ensure compliance with safety and durability standards.
2023-09-22
Impact: Exporters may face higher compliance costs and delays, potentially reducing short-term trade volumes until adjustments are made.
Trade Agreement Talks Boost Synthetic Textile Exports to U.S.
Ongoing trade discussions between the U.S. and Virgin Islands have led to temporary tariff reductions on synthetic monofilament and related products (HS Code 5404), encouraging export growth.
2023-08-10
Impact: This development is expected to increase export volumes from the Virgin Islands, benefiting local manufacturers and enhancing market access in the U.S.
Policy Updates
U.S. Customs Updates Import Tariffs for HS Code 5404
U.S. Customs and Border Protection has revised tariff classifications and rates for synthetic monofilament and strip products under HS Code 5404, affecting imports from the Virgin Islands with a slight reduction in duties to promote trade.
Date: 2023-09-01
Virgin Islands Implements Export Certification for Synthetic Textiles
The Virgin Islands government has introduced a mandatory certification process for exporters of synthetic monofilament and strip products (HS Code 5404) to ensure compliance with international trade standards, impacting shipments to the U.S.
