Country exposure · MC
Monaco
Europe · Monaco · constitutional monarchy
What Monaco means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.
$42M
U.S. imports, 2025
-65.6%
change in one year
$60M
U.S. exports, 2025
32K
Population
$10.4B
GDP
In your house
What you buy that Monaco makes
America bought $42M in goods from Monaco in 2025 — down 65.6% in a single year. Of every $100 of it, here's where the money went.
Toiletries and cosmetics
toiletries and cosmetics
U.s. goods returned, and reimports
Artwork, antiques, stamps, etc.
Telecommunications equipment
phones, routers, networking gear
Chemicals-organic
Apparel, household goods - wool
wool sweaters and coats
Electric apparatus
Apparel, textiles, nonwool or cotton
synthetic and performance apparel
Tobacco, waxes, etc.
Minimum value shipments
2026 so far (through April): $37M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Monaco
$60M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Artwork, antiques, stamps, etc.
$45MMeat, poultry, etc.
$4MIron and steel products, other
$2MToiletries and cosmetics
$1Mtoiletries and cosmetics
Gem diamonds
$1MTelecommunications equipment
$1Mphones, routers, networking gear
Minimum value shipments
$942KNumismatic coins
$613KLaboratory testing instruments
$548KWhere you stand
U.S. tariff posture toward Monaco
No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.
Reciprocal tariff (universal baseline)
10%
The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.
Policy in motion
Tariff status: a moving target
No U.S. tariff action names Monaco. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.
2026-04-06
Section 232 metals coverage expanded
In effectThe April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).
91 FR 9437 →2025-11-13
Agricultural products exempted from reciprocal tariffs
In effectExecutive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.
90 FR 54091 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.
90 FR 24199 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum duties set at 25% for all countries
In effectProclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.
90 FR 9817 →
Made for America
What Monaco makes for America
Monaco is a direct U.S. source of 1 essential good Americans rely on — the items themselves, shipped finished off the line.
Reference
The country itself
Europe · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
The Genoese built a fortress on the site of present-day Monaco in 1215. The current ruling GRIMALDI family first seized control in 1297 but was not able to permanently secure its holding until 1419. Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, coastal Mediterranean scenery, and gambling facilities have made Monaco world-famous as a tourist and recreation center.
Geography
- Location
- Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy
- Area
- 2 sq km
- Climate
- Mediterranean with mild, wet winters and hot, dry summers
- Terrain
- hilly, rugged, rocky
- Natural resources
- none
- Coastline
- 4.1 km
- Natural hazards
- none
People & society
- Population
- 32,047 (2025 est.)
- Nationality
- Monegasque(s) or Monacan(s)
- Ethnic groups
- Monegasque 32.1%, French 19.9%, Italian 15.3%, British 5%, Belgian 2.3%, Swiss 2%, German 1.9%, Russian 1.8%, American 1.1%, Dutch 1.1%, Moroccan 1%, other 16.6% (2016 est.)
- Languages
- French (official), English, Italian, Monegasque
- Religions
- Roman Catholic 90% (official), other 10%
- Median age
- 57.5 years (2025 est.)
- Life expectancy at birth
- 89.8 years (2024 est.)
Economy
- Economic overview
- high-income European economy; non-EU euro user; considered a tax haven; tourism and banking are largest sectors; negatively impacted by COVID-19; major oceanographic museum; among most expensive real estate; major state-owned enterprises
- Industries
- banking, insurance, tourism, construction, small-scale industrial and consumer products
- Agricultural products
- none
- Exports - partners
- Italy, Switzerland, Germany, Belgium, Spain (2021)
- Imports - partners
- Italy, Switzerland, United Kingdom, Germany, China (2021)
Government
- Government type
- constitutional monarchy
- Capital
- Monaco
- Independence
- 1419 (beginning of permanent rule by the House of GRIMALDI)
- Constitution
- previous 1911 (suspended 1959); latest adopted 17 December 1962
- Executive branch
- Prince ALBERT II (since 6 April 2005)
- Legislative branch
- National Council (Conseil national)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
Please visit the following links to find further information about your desired destination.
CDC - To learn what vaccines and health precautions to take while visiting your destination.
US State Dept Travel Information - Overall information about foreign travel for US citizens.
To obtain an international driving permit (IDP). Only two organizations in the US issue IDPs: American Automobile Association (AAA) and American Automobile Touring Alliance (AATA)
How to get help in an emergency? Contact the nearest US embassy or consulate, or call one of these numbers: from the US or Canada - 1-888-407-4747 or from Overseas - +1 202-501-4444
Page last updated: Monday, June 24, 2024