The HS Code 29021900 refers to a specific classification of products known as cyclanic hydrocarbons (excluding cyclohexane), cyclenic hydrocarbons, and cycloterpenes. These compounds are widely used in various industries and have significant importance in the global trade market.
When importing or exporting products classified under HS Code 29021900, it is essential to understand the associated regulations, duty rates, and special tariff preference programs that may apply. This article will provide a comprehensive overview of the HS Code 29021900, including its product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting states within the United States.
Under the HS Code 29021900, the product description includes cyclanic hydrocarbons (excluding cyclohexane), cyclenic hydrocarbons, and cycloterpenes. These compounds are organic chemicals with various applications in industries such as pharmaceuticals, perfumes, flavors, and solvents.
Cyclanic hydrocarbons are cyclic compounds composed of carbon and hydrogen atoms. They have different ring structures and can vary in their molecular weight and physical properties. Cyclenic hydrocarbons are similar to cyclanic hydrocarbons but contain additional double bonds within their ring structure. Cycloterpenes, on the other hand, are cyclic compounds derived from terpenes, which are natural organic compounds found in plants and essential oils.
The Bound / MFN (Most Favored Nation) duty rate for products classified under HS Code 29021900 is free. This means that when 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. Therefore, there are no additional duties imposed on imports or exports of cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes under this HS Code.
The quantity unit for products classified under HS Code 29021900 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
Several special tariff preference programs offer duty-free treatment for imports or exports of products classified under HS Code 29021900. These programs aim to promote trade and economic development between participating countries. The following countries or regions provide special tariff rates for cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes:
These special tariff preference programs aim to facilitate trade between countries by reducing or eliminating import duties on specific products. Importers or exporters based in the United States can take advantage of these programs when trading cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes with the mentioned countries or regions.
When it comes to importing products classified under HS Code 29021900 into the United States, the following states are identified as the main destinations:
These states demonstrate a consistent demand for cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes. Importers should consider establishing strong trade relationships with businesses in these states to tap into the market potential.
Regarding exporting from the United States, the primary states involved in the trade of products under HS Code 29021900 are:
These states serve as significant exporters of cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes. Exporters can benefit from these established trade routes and explore opportunities for expanding their business in these regions.
the HS Code 29021900 encompasses cyclanic hydrocarbons, cyclenic hydrocarbons, and cycloterpenes. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the importing/exporting states is crucial for businesses involved in the trade of these compounds. By leveraging the information provided in this article, importers and exporters can make informed decisions and explore the potential of this global market.