Natural graphite is a versatile material that finds applications in various industries such as metallurgy, electronics, energy storage, and lubricants. The HS Code 25041050 specifically refers to natural graphite in powder or flakes form, excluding crystalline flake graphite.
When it comes to international trade, the Harmonized System (HS) provides a standardized classification system for goods. The HS Code 25041050 helps in identifying and categorizing natural graphite products for import and export purposes.
The bound or Most Favored Nation (MFN) duty rate for HS Code 25041050 is free. This means that countries must lower trade barriers or open up their markets for natural graphite products from all their trading partners. It promotes fair and non-discriminatory trade practices.
The quantity unit for HS Code 25041050 is kilograms (KG), which is the standard unit of measurement for trade transactions involving natural graphite.
In addition to the general duty rate, there are special tariff preference programs applicable to HS Code 25041050. These programs provide specific duty-free treatment or reduced duty rates for certain countries or regions:
These special tariff preference programs aim to promote trade and economic cooperation between countries, enabling preferential treatment for natural graphite imports.
Based on the data available, the United States imports natural graphite in HS Code 25041050 from various states. The importing states include Florida, Montana, Idaho, and Wyoming. These states play a significant role in meeting the demand for natural graphite in the US market.
On the other hand, the United States exports natural graphite to states such as North Carolina, Virginia, Ohio, and Montana. These exporting states contribute to the global supply of natural graphite, catering to the needs of different industries and markets.
HS Code 25041050 pertains to natural graphite in powder or flakes form, excluding crystalline flake graphite. It is classified under the Harmonized System, which provides a standardized classification system for international trade. The code carries a free duty rate, and there are special tariff preference programs that offer duty-free treatment or reduced duty rates for certain countries or regions. The United States plays a significant role in both importing and exporting natural graphite products, contributing to the global trade of this versatile material.