Xylenes are a type of aromatic hydrocarbon used in various industries such as the production of plastics, synthetic fibers, and solvents. They are derived from the distillation of high-temperature coal tar or can be obtained by separating the aromatic components from the nonaromatic components.
The HS Code 27073000 specifically refers to xylenes that are produced through the distillation of high-temperature coal tar or those in which the weight of aromatic components exceeds the weight of nonaromatic components. This code helps in the classification and identification of these specific types of xylenes in international trade.
When it comes to international trade, countries often impose tariffs or duties on imported goods to protect their domestic industries and regulate trade. However, the MFN (Most Favored Nation) principle states that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. In the case of HS Code 27073000, the bound or MFN duty rate is free, which means that there are no tariffs imposed on the import of these xylenes.
The quantity unit for measuring xylenes under HS Code 27073000 is liters (L). This unit helps in accurately quantifying the volume of xylenes being imported or exported.
In addition to the standard tariff rates, there are also special tariff preference programs that provide certain benefits and incentives for trade. While no specific preference programs are mentioned for HS Code 27073000, it is essential for traders and importers/exporters to stay updated on any new programs or agreements that may affect the import/export of xylenes.
When it comes to the United States, the following states are major importers of xylenes under HS Code 27073000:
On the other hand, the following states are major exporters of xylenes under HS Code 27073000:
These states play a significant role in the import and export of xylenes, contributing to the overall trade volume and economic activities related to this particular HS Code.
Overall, HS Code 27073000 provides a standardized classification and identification system for xylenes derived from the distillation of high-temperature coal tar or those with a higher proportion of aromatic components. Understanding the HS Code and its associated data is crucial for importers, exporters, and traders involved in the international trade of xylenes.