When it comes to international trade, HS codes play a crucial role in identifying and classifying goods. The HS code 52051320 represents a specific type of cotton yarn that meets certain criteria regarding its composition, fiber length, and treatment. In this article, we will delve deeper into the details of this HS code, its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
The product described by HS code 52051320 is single cotton yarn. It is made up of at least 85% cotton and is composed of uncombed fibers. The yarn has a length of over 43 nm but not exceeding 52 mm. Additionally, it is either bleached or mercerized, which is a treatment process that improves the yarn's strength, luster, and dye affinity.
Single cotton yarn is widely used in the textile industry for various applications, including apparel manufacturing, home furnishings, and industrial textiles. Its quality and characteristics make it suitable for a range of products, ensuring its demand in both domestic and international markets.
The bound / MFN (Most Favored Nation) duty rate for HS code 52051320 is 7.3%. This means that whenever a country lowers a trade barrier or opens up a market, it must apply the same duty rate for the same goods or services from all its trading partners. The duty rate is levied on the value of the imported yarn and is intended to protect domestic industries and generate revenue for the government.
It is important for importers and exporters to be aware of the duty rate associated with their products to accurately calculate costs and plan their trade activities accordingly.
The quantity unit for HS code 52051320 is kilograms (KG). This means that the weight of the cotton yarn is measured in kilograms when determining its quantity for import or export purposes. The unit provides a standardized and convenient way to quantify the amount of yarn being traded, ensuring consistency and accuracy in international trade transactions.
HS code 52051320 is eligible for several special tariff preference programs that offer reduced or zero tariffs for imports. These programs aim to promote trade and economic cooperation between countries by providing preferential treatment to certain goods. The following countries have special tariff rates for this HS code:
These special tariff preference programs provide significant benefits to importers and exporters of HS code 52051320, making it more competitive in the global market. It is important to understand and utilize these programs to maximize cost savings and gain a competitive edge.
When it comes to importing HS code 52051320 into the United States, the following states are major importers:
These states have a significant demand for single cotton yarn, and importers based in these states play a crucial role in the overall trade of HS code 52051320.
On the other hand, the following states are major exporters of HS code 52051320 from the United States:
These states have a strong presence in the cotton industry and are known for their production and export of single cotton yarn to various international markets.
Understanding the importing and exporting states helps stakeholders in the cotton yarn trade to identify potential business opportunities, establish trade partnerships, and optimize their supply chains.
HS code 52051320 represents single cotton yarn with specific characteristics regarding its composition, fiber length, and treatment. This educational article has provided an extensive overview of this HS code, including its product description, duty rates, special tariff preference programs, and the importing and exporting US states.
By understanding the details and implications of HS code 52051320, importers, exporters, and other stakeholders can make informed decisions, capitalize on opportunities, and navigate the complexities of international trade in the cotton yarn industry.