Acrylonitrile is a chemical compound that plays a crucial role in various industries, including plastics, fibers, and resins. It is classified under HS Code 29261000, which is used to identify and categorize specific products during international trade. In this article, we will explore the various aspects of Acrylonitrile, including its product description, duty rates, quantity units, and special tariff preference programs.
Acrylonitrile is a colorless liquid with a pungent odor. It is primarily used in the production of acrylic fibers, plastics, and resins. Acrylic fibers, known for their softness and durability, are commonly used in the textile industry for manufacturing clothing, upholstery, and carpets. Acrylic plastics, on the other hand, find applications in a wide range of products, including automotive parts, electronic devices, and household appliances.
With its versatile properties, Acrylonitrile has become an essential component in the manufacturing sector. Its chemical formula, C3H3N, reflects its composition of three carbon atoms, three hydrogen atoms, and one nitrogen atom.
When it comes to international trade, duty rates play a significant role in determining the cost of importing or exporting goods. The bound or most-favored-nation (MFN) duty rate for Acrylonitrile under HS Code 29261000 is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for Acrylonitrile from all its trading partners.
The duty rate of 6.5% is applicable to the value of Acrylonitrile being imported or exported. It is important to consider this duty rate while calculating the overall cost of trade transactions involving Acrylonitrile.
The quantity unit for Acrylonitrile under HS Code 29261000 is kilograms (KG). This unit of measurement is used to determine the weight of Acrylonitrile being traded. Kilograms provide a standardized and universally accepted method for quantifying the amount of Acrylonitrile involved in import or export transactions.
Special tariff preference programs allow for reduced or duty-free treatment of certain products during international trade. Acrylonitrile, under HS Code 29261000, is eligible for special tariff preference programs in several countries. Here are some of the programs and the corresponding countries:
These special tariff preference programs aim to promote trade and strengthen economic partnerships between countries. Acrylonitrile, as an important industrial chemical, benefits from these programs, allowing for easier and more cost-effective trade transactions.
While Acrylonitrile is traded globally, it is essential to consider the specific states within the United States that import this chemical compound. In the case of HS Code 29261000, the following US state is known for importing Acrylonitrile:
Nebraska plays a significant role in acquiring Acrylonitrile for its industrial needs. The state's import activities contribute to the overall trade volume of Acrylonitrile in the United States.
While the data provided does not specify the exporting US states for Acrylonitrile under HS Code 29261000, it is important to note that Acrylonitrile is produced and exported by various states across the country. The United States is known for its significant production capacity and global supply of Acrylonitrile.
It is worth mentioning that the export activities of Acrylonitrile from different US states contribute to the international trade dynamics of this chemical compound. The availability of Acrylonitrile from multiple sources ensures a stable supply chain for industries around the world.
Acrylonitrile, classified under HS Code 29261000, is a vital chemical compound used in several industries. Its product description, duty rates, quantity units, and special tariff preference programs play a crucial role in international trade. Understanding these aspects helps facilitate smoother trade transactions and promotes economic growth across countries.