The HS Code 31039001 refers to mineral or chemical fertilizers that are phosphatic in nature. This code is used to classify and identify these specific types of fertilizers for international trade purposes. Understanding the HS code is important for importers, exporters, and customs officials as it helps to streamline the process of importing and exporting goods.
When it comes to trade barriers and market access, the MFN (Most Favored Nation) duty rate for this HS code is free. This means that every time 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. This promotes fair and equal trade practices among countries.
The quantity unit for this HS code is measured in metric tons (T). This unit of measurement helps to standardize the quantity of fertilizers being traded, making it easier for importers and exporters to determine the volume of goods being transported.
There are also special tariff preference programs associated with this HS code. These programs offer preferential treatment in terms of duty rates for certain countries. The countries included in these programs for HS Code 31039001 are:
These special tariff preference programs aim to promote trade and economic cooperation between the countries involved. By offering duty-free or reduced-duty treatment, these programs incentivize and facilitate the flow of goods across borders.
In terms of importing, the HS Code 31039001 is primarily imported by the following US states:
These states have a significant demand for mineral or chemical fertilizers, particularly those that are phosphatic. Importers in these states play a crucial role in ensuring the availability of fertilizers to support agricultural activities.
On the other hand, the HS Code 31039001 is primarily exported by the following US states:
These states are major exporters of mineral or chemical fertilizers, contributing to the global supply of phosphatic fertilizers. Their efficient export processes and distribution networks ensure that these fertilizers reach markets around the world.
the HS Code 31039001 plays a crucial role in the international trade of mineral or chemical fertilizers that are phosphatic in nature. Understanding this code helps to streamline trade processes, ensure fair trade practices, and promote economic cooperation among countries. Importers and exporters, as well as customs officials, rely on this code to accurately classify and identify these specific types of fertilizers.