The HS code 52061300 refers to a specific type of single cotton yarn. This educational article will give you a comprehensive understanding of this product, including its description, duty rates, quantity unit, special tariff preferences, and the importing and exporting US states.
The product classified under HS code 52061300 is a type of single cotton yarn. It is composed of uncombed fibers and contains less than 85 percent cotton by weight. The yarn falls within the range of 43 to 52 nm (nautical miles) and is not packaged or put up for retail sale.
Single cotton yarns are widely used in various industries, including textile manufacturing, knitting, and weaving. They are known for their strength, versatility, and softness, making them suitable for a wide range of applications.
The bound or MFN (Most Favored Nation) duty rate for HS code 52061300 is 9.2%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate to the same goods or services from all its trading partners.
This duty rate may vary depending on the country and any special trade agreements in place. It is important for importers and exporters to be aware of the duty rates applicable to their specific trade transactions.
The quantity unit for HS code 52061300 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the weight of goods being imported or exported.
Using kilograms as the quantity unit allows for accurate and standardized measurement, facilitating seamless trade transactions and ensuring consistency in trade records.
Several special tariff preference programs exist for HS code 52061300. These programs grant specific benefits and preferential treatment to importing and exporting countries. Here are some examples:
These special tariff preference programs aim to promote trade, strengthen economic ties, and provide benefits to participating countries. Importers and exporters should take advantage of these programs to reduce costs and enhance competitiveness.
HS code 52061300 is imported and exported to and from various US states. The specific states involved in the trade of this product may vary depending on market demand, production capabilities, and trade relationships. Some of the notable importing and exporting US states for HS code 52061300 include:
These states play a crucial role in the trade of single cotton yarn and contribute to the overall economic growth and development of the textile industry in the United States.
HS code 52061300 represents single cotton yarn with specific characteristics and trade regulations. Understanding the product description, duty rates, quantity unit, special tariff preference programs, and the involvement of different US states in its trade will enable importers, exporters, and industry stakeholders to make informed decisions and effectively navigate the global market.