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Suriname

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
7.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.38
0.09
0.29

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

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.

Implications

"As of today, Sunday, April 20, 2025, here's the latest update on tariffs related to Suriname: Suriname's General Tariff Structure: Suriname's tariff schedule has nine tiers, ranging from 0% to 50%.   Imports from CARICOM (Caribbean Community and Common Market) member states generally have tariffs between 0% and 20%. Some goods from CARICOM, like juices and non-alcoholic beverages, are duty-free. Raw materials from CARICOM have a 5% tariff.   Semi-manufactured articles typically face a 10% tariff.   Finished products have tariffs ranging from 15% to 20%.   Products with the highest tariffs (40% and 50%) include alcoholic beverages, beer, tobacco and cigarettes, live animals, fish, eggs, honey, vegetables, fruit, coffee, cereals, precious or semi-precious stones, and some motor vehicles.   In addition to tariffs, Suriname generally charges a statistical fee of 0.5%, a consent right fee of 1.5% of the CIF (Cost, Insurance, and Freight) value, and a sales tax (VAT/GST) of 10%. There can be additional taxes on tobacco and alcoholic beverages.   The simple average MFN (Most Favored Nation) applied tariff in 2024 was 10.4%. U.S. Tariffs on Imports from Suriname: Following the U.S.'s announcement of ""reciprocal tariffs"" in early April 2025, a baseline tariff of 10% was applied to imports from most countries, including Suriname, effective April 10, 2025. The initial calculation of the ""discounted reciprocal tariff"" for Suriname was 7.9%. However, with the 90-day pause on country-specific reciprocal rates (excluding China, Hong Kong, and Macau), the effective tariff rate from April 10th onwards is the baseline 10%. It's important to note that certain product categories might have different tariff rates based on existing U.S. trade policies (e.g., steel, aluminum). However, there are no specific, recently updated reports indicating additional tariffs imposed by the U.S. specifically on Suriname beyond this general framework. Suriname's Trade Agreements: Suriname is a member of several trade agreements and organizations, which can influence the tariffs it applies to imports from specific countries and regions:   CARICOM: Suriname joined in 1995 and is part of the common market. This agreement leads to preferential tariff rates among member states.   CARIFORUM-EU Economic Partnership Agreement (EPA): Suriname is a signatory, offering duty and quota-free access to the EU market for CARIFORUM exports. However, Suriname has not yet ratified this EPA. CARIFORUM-UK Economic Partnership Agreement: Similar to the EU EPA, this agreement provides trade preferences with the United Kingdom. Trade agreements with: Dominican Republic, Cuba, and Costa Rica (signed but not ratified).   Associate member of: MERCOSUR.   Member of the WTO (World Trade Organization).   In summary, the most recent update indicates that imports from Suriname to the United States are subject to a 10% tariff as part of the U.S.'s general baseline tariff. Suriname itself has a multi-tiered tariff structure, with lower rates for CARICOM members and varying rates depending on the type of goods and origin. Businesses trading with Suriname should consult the official tariff schedules and relevant trade agreements for the most precise and up-to-date information. The WTO and Suriname's customs authority would be key sources for this detailed data."

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Suriname are: Fish, crustaceans, molluscs, aquatic invertebrates ($52.53 Million) Ores, slag and ash ($21.12 Million) Commodities not specified according to kind ($7.17 Million) Machinery, nuclear reactors, boilers ($4.35 Million) Wood and articles of wood, wood charcoal ($3.76 Million) Here's a breakdown of which US states can manufacture similar goods, along with examples of companies: Fish, crustaceans, molluscs, aquatic invertebrates: Alaska: A major producer of various seafood, including fish (salmon, cod, pollock), crabs, and other shellfish. Companies include Trident Seafoods and Peter Pan Seafoods.   Washington: Another significant seafood-producing state with a focus on salmon, shellfish, and aquaculture. Companies include Cooke Aquaculture Pacific and Taylor Shellfish Farms.   Massachusetts: Has a long history of fishing and seafood processing, particularly cod, haddock, and lobster. Companies include Legal Sea Foods (processing).   Louisiana: A key state for shrimp, oysters, and other Gulf Coast seafood. Companies include LA Shrimp Company. Ores, slag and ash: This is a broad category that includes products from mining and smelting. The specific types of ores imported from Suriname would determine the relevant states. For example:   If the ores are related to aluminum production, states with aluminum smelting and processing include Washington, Kentucky, and Missouri. Companies include Century Aluminum and Magnitude 7 Metals. If they are bauxite related (historically significant for Suriname), the US has limited bauxite mining but significant aluminum production. If they are other metal ores, states with mining operations like Arizona (copper), Minnesota (iron ore), and Nevada (gold) would be relevant, though the specific ores would need to be identified. Companies include Freeport-McMoRan and Cleveland-Cliffs. Machinery, nuclear reactors, boilers: This is a very broad category. States with significant machinery manufacturing include: Illinois: Known for industrial machinery. Companies include Caterpillar.   Ohio: Has a diverse manufacturing sector, including machinery. Companies include Lincoln Electric. Michigan: While known for vehicles, it also manufactures industrial machinery. Companies include Emerson Automation Solutions.   Pennsylvania: Strong in various types of machinery manufacturing. Companies include General Electric (power generation equipment).   Texas: A major hub for machinery related to the oil and gas industry and other sectors. Companies include Baker Hughes. Wood and articles of wood, wood charcoal: Oregon: A major lumber and wood products state. Companies include Weyerhaeuser and Georgia-Pacific.   Washington: Also has a significant forestry and wood products industry. Companies include Sierra Pacific Industries.   Georgia: A leading state in pulp and paper and other wood products. Companies include WestRock.   North Carolina: Has a substantial furniture manufacturing industry that uses wood products. Companies include Ashley Furniture Industries.   It's important to note that while these US states have the capacity to manufacture similar types of goods, the specific grades, species, or types of the imported products from Suriname may differ. Additionally, economic factors such as labor costs and existing trade relationships influence import decisions.

Investing in USA

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

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

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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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