The HS Code 31056000 refers to mineral or chemical fertilizers that contain the two essential elements for plant growth: phosphorous and potassium. These fertilizers play a crucial role in improving soil fertility and promoting healthy plant development. In this article, we will explore the uses, benefits, and trade aspects of this specific HS code.
The product described by HS Code 31056000 includes fertilizers that are not classified under any other specific HS code. These fertilizers are formulated to provide essential nutrients to plants, focusing on the elements phosphorous and potassium. The presence of these nutrients helps plants grow, develop strong roots, and produce healthy fruits and flowers.
The bound / MFN (Most Favored Nation) duty rate determines the import duties applicable to goods under this HS code. It is important to note that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS Code 31056000 is measured in metric tons (T). This unit of measurement helps facilitate international trade by providing a standardized way to quantify the volume of fertilizer being imported or exported.
Special tariff preference programs may apply to products falling under HS Code 31056000. These programs are designed to promote trade and provide preferential treatment to certain goods from specific countries. While the specific programs applicable to this HS code are not mentioned in the provided data, it is important for importers and exporters to stay informed about any available tariff preferences to optimize their trading activities.
According to the provided data, the following US state imports products classified under HS Code 31056000:
Louisiana, known for its agricultural industry, recognizes the importance of mineral or chemical fertilizers containing phosphorous and potassium in supporting crop production.
The data indicates that the following US states export products classified under HS Code 31056000:
These states have recognized the demand for mineral or chemical fertilizers and are actively participating in the export of these products. Florida, in particular, appears to be a significant exporter in this category.
HS Code 31056000 represents mineral or chemical fertilizers containing phosphorous and potassium. These fertilizers play a vital role in enhancing soil fertility and supporting healthy plant growth. Understanding the specific HS code and its implications can help importers, exporters, and agricultural stakeholders make informed decisions regarding trade and market opportunities.