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Monaco

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.16
0.05
0.12

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Trade.Gov Fact Sheet

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Trading Economics - Imports

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs concerning Monaco: Monaco and the United States: Trump's "Reciprocal Tariffs": When initially announced, Monaco was listed as facing a 10% reciprocal tariff by the United States. This was based on the U.S. administration's methodology of using the trade deficit as a proxy for other countries' tariffs. 90-Day Pause: As of April 10, 2025, the United States implemented a 90-day pause on these country-specific reciprocal tariff rates for most countries, including Monaco. During this pause, a flat 10% tariff applies to imports from these nations.   Current Effective U.S. Tariff: Therefore, the current effective tariff rate imposed by the United States on goods imported from Monaco is 10%. This is the baseline tariff that applies during the 90-day pause of the higher reciprocal rates. Monaco's Trade Policy: Customs Union with France: Monaco has a customs union with France, meaning its customs regulations align with French and EU policies.   EU Customs Zone: As a result of this union, Monaco is part of the European Union's customs zone, even though it is not an EU member.   French Customs Collection: French customs authorities collect duties on goods entering Monaco and then share a portion of this revenue with the Principality.   Export Tax (excluding France): Monaco imposes a tax on exports to all countries except France.   Overall Impact: No Panic in Monaco: Following the initial U.S. tariff announcements, reports from Monaco indicated no significant panic within its financial sector. The local investment community views any market impact as likely temporary.   Modest Bilateral Trade: The United States and Monaco have a relatively small amount of direct bilateral trade in goods.   In summary, while Monaco was initially slated to face a 10% reciprocal tariff under the new U.S. policy, the current effective U.S. tariff on imports from Monaco is the baseline rate of 10% due to the ongoing 90-day pause. Monaco's unique customs arrangement with France and its participation in the EU customs zone are key factors in its overall trade landscape.

US Negotiation Strategy

Based on the most recent available data (February 2025), the top imports to the US from Monaco by value are: Paintings, drawings and other artwork: $750,000 Make-up and skin-care products: $478,142 Personal toiletries for shaving, etc.: $260,811 Soap, related soap products: $137,482   Synthetic rubber, including butadiene: $108,900 Here's a look at which states in the US can manufacture similar goods, along with examples of companies: Paintings, drawings, and other artwork: This is a broad category encompassing individual artists and smaller studios rather than large-scale manufacturing. However, states with significant artistic communities include:   California: Los Angeles and the Bay Area have thriving art scenes. Examples: Numerous independent artists and galleries. New York: New York City is a global art hub. Examples: Countless individual artists and art collectives. Texas: Austin and Marfa have growing art communities. Examples: Many independent artists and smaller galleries.   Make-up and skin-care products: The US has a substantial cosmetics and personal care product manufacturing industry.   California: A major hub for cosmetics production. Examples: Kylie Cosmetics (Coty Inc. has a stake), ColourPop Cosmetics.   New York: Another significant center for the beauty industry. Examples: Estée Lauder Companies, L'Oréal USA (though a French multinational, it has significant US manufacturing). New Jersey: Home to many chemical and pharmaceutical companies that also produce cosmetics. Examples: Johnson & Johnson (produces some skincare), numerous private label manufacturers.   Illinois: Has a presence in cosmetics manufacturing. Examples: Walgreens Boots Alliance (produces some private label beauty products).   Personal toiletries for shaving, etc.: Similar to make-up and skincare, these products are manufactured by large consumer goods companies. Ohio: Has a strong manufacturing base in various consumer products. Examples: Procter & Gamble (owns brands like Gillette and Old Spice). Wisconsin: Also has a significant presence in consumer goods manufacturing. Examples: SC Johnson (produces some personal care items). Soap, related soap products: This is another segment dominated by large consumer goods manufacturers. Ohio: As mentioned above, Procter & Gamble has significant operations here (e.g., Ivory, Zest).   Georgia: Has a presence in the production of cleaning and personal care products. Examples: Colgate-Palmolive (operates manufacturing facilities in the US).     Synthetic rubber, including butadiene: This is part of the broader chemical manufacturing industry. Texas: A major hub for petrochemical production, including synthetic rubber. Examples: ExxonMobil, Dow Chemical. Louisiana: Another key state for chemical and polymer manufacturing. Examples: Westlake Chemical, DuPont. Ohio: Has a significant rubber and plastics industry. Examples: Goodyear Tire & Rubber Company (also produces synthetic rubber).   It's important to note that while these states and companies can manufacture similar types of goods, the specific product lines, quality, and scale of production might differ from those imported from Monaco. Monaco's exports in some categories, like artwork, may be more about unique, high-value items rather than mass-produced goods. Additionally, for specialized chemicals like synthetic rubber, the US has a large domestic industry, and the imports from Monaco likely represent specific types or grades needed for particular applications.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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