When it comes to agricultural productivity, one of the key factors that contribute to successful crop growth is the use of fertilizers. Fertilizers provide essential nutrients to plants, ensuring their healthy development and higher yields. HS Code 31052000 specifically refers to mineral or chemical fertilizers that contain the three essential elements: nitrogen, phosphorus, and potassium.
Nitrogen, phosphorus, and potassium are commonly referred to as NPK, which are the primary macronutrients needed for plant growth. These elements play crucial roles in various plant functions, from photosynthesis and energy transfer to root development and disease resistance.
HS Code 31052000 is used to classify fertilizers that contain a combination of nitrogen, phosphorus, and potassium in a balanced ratio. This code helps in identifying and categorizing these fertilizers for trade and regulatory purposes.
The bound or most-favored-nation (MFN) duty rate for HS Code 31052000 is free. This means that when 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. The free duty rate encourages international trade and facilitates the flow of fertilizer products across borders.
The quantity unit for HS Code 31052000 is metric tons (T). This unit of measurement helps in determining the volume of fertilizers being traded. Metric tons provide a standardized and internationally recognized unit to ensure accurate reporting and tracking of fertilizer imports and exports.
Various special tariff preference programs are applicable to HS Code 31052000. These programs provide specific benefits and exemptions to eligible countries or regions. The following are the special tariff preference programs:
These special tariff preference programs aim to promote trade and economic cooperation between countries, making it easier and more cost-effective for them to import and export fertilizers.
HS Code 31052000 is imported by several states in the United States. The following states are significant importers:
These states have recognized the importance of using mineral or chemical fertilizers containing nitrogen, phosphorus, and potassium to enhance agricultural productivity and ensure food security.
HS Code 31052000 is also exported by several states in the United States. The following states are significant exporters:
These states contribute to the global supply of mineral or chemical fertilizers, supporting agricultural practices in other countries.
HS Code 31052000 represents mineral or chemical fertilizers containing the essential elements nitrogen, phosphorus, and potassium. These fertilizers play a vital role in enhancing agricultural productivity and are subject to various tariff preference programs. Importing and exporting states in the United States contribute significantly to the trade of these fertilizers, ensuring their availability for farmers worldwide.