The HS Code 31021000 refers to the product Urea, whether or not in aqueous solution. This code is used to classify and identify the specific type of product for international trade and customs purposes. Understanding the HS Code is essential for importers, exporters, and customs officials to ensure proper classification and accurate documentation.
Urea is a widely used fertilizer in agriculture. It contains a high concentration of nitrogen, which is essential for plant growth. It can be used for various crops and is commonly applied to increase crop yields. Urea can be in solid form or dissolved in water to create a liquid fertilizer.
When it comes to trade, the HS Code plays a crucial role in determining the duty rates and tariff preferences for a particular product. In the case of HS Code 31021000, the bound/MFN (Most Favored Nation) duty rate is free. This means that no duties or taxes are imposed on the import or export of urea in most countries.
Additionally, there are special tariff preference programs in place for HS Code 31021000. These programs provide additional benefits and exemptions for certain countries. Some of the countries that enjoy special tariff preferences for urea include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others.
The quantity unit for HS Code 31021000 is metric tons (T). This unit of measurement is commonly used in international trade to quantify the volume or weight of goods being imported or exported.
Now let's take a look at the importing and exporting US states for urea. The following states are major importers of urea:
On the other hand, the following states are major exporters of urea:
Understanding the HS Code, its duty rates, and special tariff preferences is crucial for international traders and customs officials. It ensures proper classification, accurate documentation, and compliance with trade regulations. HS Code 31021000 specifically refers to urea, whether in solid or liquid form, and its usage in the agricultural industry.