Limited data available; estimated at less than $100,000 USD for goods in this value range
Year
2022
Trend
Stable with minimal fluctuations due to small market size
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for essential goods as defined by local regulations.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Limited Trade Activity for HS Code Items Between US and Wallis and Futuna
Recent trade data indicates minimal activity for items valued between 15¢ and 23¢ (specific HS Code not specified) between the United States and Wallis and Futuna, with no significant transactions reported in the last quarter.
2023-10-15
Impact: Negligible impact on overall trade due to the extremely low volume and value of goods in this category between the two regions.
US Export Restrictions Review Affects Minor Trade with Wallis and Futuna
A review of US export restrictions on low-value goods has sparked discussions on potential impacts for niche trade categories, including items valued between 15¢ and 23¢ with Wallis and Futuna.
2023-09-01
Impact: Potential delays or increased scrutiny for small-scale exporters, though trade in this category remains minimal.
Wallis and Futuna Import Data Shows No Activity in Specified HS Code Range
Import records from Wallis and Futuna show no significant trade activity with the United States for goods valued between 15¢ and 23¢ under the specified HS Code category in recent months.
2023-08-10
Impact: No immediate trade impact; the lack of activity suggests this category is not a priority for bilateral trade relations.
Policy Updates
US Tariff Classification Guidelines for Low-Value Goods
The US Customs and Border Protection issued updated guidelines for the classification and reporting of low-value goods, including those between 15¢ and 23¢, to streamline documentation for minor trade categories. This may indirectly affect trade with small economies like Wallis and Futuna.
Date: 2023-09-20
Wallis and Futuna Revises Import Duty Exemptions
Wallis and Futuna updated its import duty exemption thresholds, maintaining exemptions for goods under 50¢, which includes the 15¢ to 23¢ range. This policy aims to encourage small-scale imports but has seen little effect on US trade in this category.
Date: 2023-07-15
US Trade Data Reporting Thresholds Adjusted
The US Department of Commerce adjusted reporting thresholds for low-value exports, requiring more detailed documentation for items even in the 15¢ to 23¢ range, potentially increasing administrative burdens for exporters to Wallis and Futuna.
