The HS Code 29051200 refers to Propan-1-ol (Propyl alcohol) and Propan-2-ol (isopropyl alcohol). This code is used to classify and identify these specific chemical compounds for international trade purposes. In this article, we will explore the properties, uses, and import-export data related to these alcohols.
Propan-1-ol, also known as propyl alcohol, is a colorless liquid with a distinct odor. It is produced by the hydration of propylene and is commonly used as a solvent, in the production of pharmaceuticals, and as a chemical intermediate. Propan-2-ol, or isopropyl alcohol, is also a colorless liquid with a similar odor. It is primarily used as a solvent, disinfectant, and cleaning agent.
The bound / MFN (Most Favored Nation) duty rate for HS Code 29051200 is 5.5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate for the import or export of Propan-1-ol and Propan-2-ol from all its trading partners.
The quantity unit for the import and export of Propan-1-ol and Propan-2-ol is kilograms (KG). This unit is used to measure the weight of the products being traded.
Under certain special tariff preference programs, the import of Propan-1-ol and Propan-2-ol may be eligible for duty-free treatment. The following countries and trade agreements provide special rates:
Propan-1-ol and Propan-2-ol are imported into the United States from various states. The following states are major importers:
When it comes to exporting Propan-1-ol and Propan-2-ol from the United States, the state of Louisiana plays a significant role in trade. It is one of the major exporters of these chemicals.
the HS Code 29051200 represents Propan-1-ol and Propan-2-ol, two important chemical compounds widely used in various industries. Understanding the code, product description, duty rates, tariff preference programs, and trade data associated with these alcohols is crucial for international trade and regulatory compliance.