The HS code 26122000 represents thorium ores and concentrates. This code is used to classify and categorize the specific goods being imported or exported. Understanding the HS code is essential for international trade as it helps in determining the applicable trade barriers, duty rates, and special tariff preference programs.
Thorium ores and concentrates are natural mineral resources that contain thorium, a radioactive element. These ores are primarily used in the production of nuclear fuel and as a source of radiation for various industrial and scientific applications.
The bound or most-favored-nation (MFN) duty rate for HS code 26122000 is free. This means that no import duty is levied on thorium ores and concentrates when they are imported into a country. The MFN duty rate applies whenever a country lowers a trade barrier or opens up its market, ensuring equal treatment for the same goods or services from all trading partners.
The quantity unit for HS code 26122000 is metric tons (T). This unit of measurement is used to calculate the weight or volume of thorium ores and concentrates being imported or exported. It provides a standardized way to quantify the quantity of goods involved in international trade.
Several special tariff preference programs offer duty-free treatment for thorium ores and concentrates classified under HS code 26122000. These programs provide additional trade benefits for specific countries. The countries eligible for these programs include:
These special tariff preference programs promote trade and economic cooperation between countries, encouraging the import and export of thorium ores and concentrates.
Based on the available data, the state of Louisiana is listed as an importer of thorium ores and concentrates classified under HS code 26122000. This indicates that businesses or entities in Louisiana engage in the importation of these goods for various purposes.
According to the provided information, several US states engage in the exportation of thorium ores and concentrates. These states include:
These states have industries or businesses involved in the production and export of thorium ores and concentrates, contributing to international trade and the global supply of these resources.
HS code 26122000 represents thorium ores and concentrates in international trade. This code helps in identifying the goods, determining the applicable duty rates, and accessing special tariff preference programs. Understanding the HS code is crucial for businesses, importers, and exporters involved in the trade of thorium ores and concentrates.