The HS Code 29011040 refers to a specific type of product - a saturated acyclic hydrocarbon that is derived from petroleum, shale oil, or natural gas. This code is used to classify and categorize this particular type of hydrocarbon for international trade purposes.
The product description for HS Code 29011040 states that it includes saturated acyclic hydrocarbons that are not ethane, butane, n-pentane, or isopentane. This means that it covers a range of hydrocarbons within the acyclic category, excluding these specific compounds.
When it comes to determining the duty rate for this product, it is classified as "Bound / MFN duty rate Free." 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. In other words, this product is not subject to any import duties or taxes, making it freely tradeable between countries.
The quantity unit for HS Code 29011040 is kilograms (KG). This unit of measurement is used to determine the quantity of the product being imported or exported.
There are also special tariff preference programs associated with HS Code 29011040. These programs provide additional benefits or preferential treatment for certain countries. The following countries have special tariff rates or duty-free treatment for this product:
When it comes to importing this product into the United States, the data shows that the states of Montana, Utah, and Wyoming are the main importers. These states have a significant demand for the saturated acyclic hydrocarbon covered by HS Code 29011040.
On the other hand, the main exporting states for this product from the United States are Montana, North Dakota, and Pennsylvania. These states have a strong production capacity and are able to supply the product to international markets.
HS Code 29011040 refers to a specific type of saturated acyclic hydrocarbon derived from petroleum, shale oil, or natural gas. It is not subject to import duties and enjoys special tariff preference programs in various countries. The United States, particularly the states of Montana, Utah, and Wyoming, are major importers of this product, while Montana, North Dakota, and Pennsylvania are the main exporting states.