The HS Code 52053100 refers to multiple or cabled cotton yarn that contains at least 85% cotton by weight and is made from uncombed fibers. This type of yarn has a maximum count of 14 nm per single yarn and is not put up for retail sale. It is commonly used in various textile industries for the production of fabrics, garments, and other cotton-based products.
When importing or exporting this type of cotton yarn, it is important to be aware of the associated customs duties and special tariff preference programs. The bound or most-favored-nation (MFN) duty rate for HS Code 52053100 is 5.8%. This means that every time 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 quantity unit for measuring the trade of HS Code 52053100 is kilograms (KG). Importers and exporters need to specify the weight of the cotton yarn they are trading in order to comply with customs regulations.
There are also special tariff preference programs available for HS Code 52053100. The following countries offer duty-free treatment for this product: Australia (AU), Bahrain (BH), Canada (CA) under the North American Free Trade Agreement (NAFTA), Chile (CL), Israel (IL), Jordan (JO), Mexico (MX) under NAFTA, Oman (OM), Panama (P), Peru (PE), and Singapore (SG).
In addition, Morocco (MA) offers a special rate of 0.5% for this product. This means that importers and exporters trading HS Code 52053100 with Morocco can benefit from a reduced duty rate.
When importing this cotton yarn into the United States, it is important to consider which states are the main importers and which states are the main exporters. This information can help businesses identify potential trade partners and establish efficient supply chains.
To summarize, HS Code 52053100 refers to multiple or cabled cotton yarn that is primarily made of cotton and is not put up for retail sale. It is subject to a bound or MFN duty rate of 5.8% and is traded in kilograms. There are also special tariff preference programs available, including duty-free treatment in several countries and a reduced duty rate in Morocco. Importers and exporters should be aware of the importing and exporting states in the United States to facilitate trade partnerships and logistics.