Puerto Rico is recognized as being part of the customs territory of the United States and all shipments between Puerto Rico and the US are not subject to import duties. However, shipments from outside the customs territory are all subject to the same import duty rates, regardless of whether the destination is the US or Puerto Rico.
The US is the main trading partner of Puerto Rico and accounts for nearly 90% of latter’s exports and over 55% of its imports.
The major items exported by Puerto Rico are chemicals, electronics, apparel, canned tuna, rum, beverage concentrates and medical equipment.
Most of its imports are to the US, with small proportions going to the Netherlands, Dominican Republic and the UK.
Chemicals, machinery and equipment, clothing, food, fish and petroleum products are the major items constituting Puerto Rico’s imports.
Ireland and Japan are the other import partners of Puerto Rico and accounted for nearly 23% and 6% of the island nations exports, respectively, in 2006.
The value of country’s exports stood at $46.9 billion f.o.b. according to the 2001 figures.
The value of country’s imports stood at $29.1 billion c.i.f. according to the 2001 figures.