The HS Code 29029020 refers to a specific category of chemicals that includes Acenaphthene, Chrysene, Cymene, Dimethylnaphthalenes, Fluoranthene, Fluorene, Indene, Mesitylene, and other specified cyclic hydrocarbons. These chemicals are widely used in various industries, including pharmaceuticals, plastics, and petroleum refining.
As per the product description, these chemicals are classified under HS Code 29029020. HS Codes are standardized international codes used to classify traded products. They play a crucial role in international trade by facilitating the identification and categorization of goods.
When it comes to trade, countries often impose import duties or tariffs on goods to protect domestic industries or generate revenue. However, with the aim of promoting global trade and economic growth, countries also participate in special tariff preference programs that provide certain goods with duty-free treatment. In the case of HS Code 29029020, several countries have implemented such programs, including the Generalized System of Preferences (GSP), Australia Special Rate, Bahrain Special Rate, NAFTA for Canada, Chile Special Rate, Caribbean Basin Initiative (CBI), Israel Special Rate, Andean Trade Preference Act (ATPA), Jordan Special Rate, Morocco Special Rate, NAFTA for Mexico, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), Peru Special Rate, and Singapore Special Rate.
The quantity unit for HS Code 29029020 is kilograms (KG). This unit is used to measure the weight or quantity of the chemicals being imported or exported.
When it comes to importing these chemicals into the United States, several states are involved. The states that import these chemicals include Montana, Utah, Wyoming, West Virginia, and Louisiana. These states have a demand for the chemicals for various industries, including oil and gas, chemicals manufacturing, and research and development.
On the other hand, when it comes to exporting these chemicals from the United States, the major contributing states are Montana, North Dakota, Pennsylvania, Louisiana, and Texas. These states have a significant production capacity for the chemicals and export them to various countries around the world.
HS Code 29029020 represents a category of chemicals that are widely used in industries such as pharmaceuticals, plastics, and petroleum refining. These chemicals are subject to various tariff preference programs that provide duty-free treatment in several countries. The United States plays a significant role in both importing and exporting these chemicals, with several states involved in the trade.