When it comes to international trade, every product is categorized under a specific HS Code. HS Code 23062000 refers to oilcake and other solid residues that result from the extraction of vegetable fats or oils, specifically from linseed. This code helps in the classification and regulation of imports and exports of this particular product.
The bound or most-favored-nation (MFN) duty rate for HS Code 23062000 is 0.12 cents/kg. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 23062000 is kilograms (KG). This is the standard unit of measurement used for calculating the weight of the product being imported or exported.
There are also special tariff preference programs available for HS Code 23062000. These programs provide duty-free treatment for the import of this product from specific countries. The countries included in these programs are: Australia, Bahrain, Canada (under NAFTA), Chile, European Union, Israel, Japan, Jordan, Morocco, Mexico (under NAFTA), Oman, Peru, Singapore, and the United States Virgin Islands.
When it comes to importing HS Code 23062000 into the United States, the data shows that the Virgin Islands, District of Columbia, and Nevada are the main destinations for this product. These states have been consistently importing oilcake and other solid residues from linseed extraction.
On the other hand, the main exporting states of HS Code 23062000 from the United States are Arkansas, Alaska, Nebraska, Illinois, Iowa, Louisiana, North Dakota, South Dakota, Kansas, Minnesota, Missouri, and Virginia. These states are known for their production and export of linseed oilcake and residues.
HS Code 23062000 is specific to oilcake and other solid residues resulting from the extraction of vegetable fats or oils from linseed. The duty rate, special tariff preference programs, and the importing and exporting states provide valuable information for businesses and individuals involved in the international trade of this product.