The HS Code 55095300 refers to a specific type of yarn made from polyester staple fibers mixed mainly or solely with cotton. This yarn is not intended for retail sale and is commonly used in various industries such as textiles, manufacturing, and fashion.
When importing or exporting goods classified under this HS code, it is essential to understand the associated duty rates, quantity units, and special tariff preference programs that may apply. This article aims to provide comprehensive information on these aspects to facilitate international trade.
The product description of HS Code 55095300 is as follows: Yarn (other than sewing thread) of polyester staple fibers mixed mainly or solely with cotton, not put up for retail sale. This description indicates that the yarn is a blend of polyester and cotton fibers, specifically designed for industrial applications rather than consumer use.
The bound / MFN (Most Favored Nation) duty rate for HS Code 55095300 is 13.2%. This duty rate applies every time a country lowers a trade barrier or opens up a market. It ensures that any reduction in trade barriers or market access is extended to all trading partners equally, promoting fair and non-discriminatory trade practices.
The quantity unit for HS Code 55095300 is kilograms (KG). This unit of measurement is commonly used in international trade to determine the quantity of goods being imported or exported. It helps in accurately calculating the cost, logistics, and customs clearance procedures associated with the shipment of yarn.
Several countries have established special tariff preference programs for goods classified under HS Code 55095300. These programs offer preferential duty rates or duty-free treatment to promote trade and economic cooperation. The following countries provide special tariff rates for this HS code:
These special tariff preference programs aim to promote bilateral trade, regional integration, and economic development between the countries involved. Importers and exporters should take advantage of these programs to reduce their overall import costs and enhance market access.
When importing goods classified under HS Code 55095300 into the United States, various states serve as major import destinations. Some of the significant importing states for this HS code include:
These states have well-established textile and manufacturing industries, making them attractive markets for yarn and related products. Importers should consider these states for distribution and sales purposes to maximize their business opportunities.
On the other hand, when exporting goods classified under HS Code 55095300 from the United States, it is crucial to identify the states that are major exporters of such products. Unfortunately, the provided data does not specify the exporting US states for this particular HS code.
However, it is worth mentioning that the United States has a robust textile industry, with several states being significant exporters of yarn and related products. States like North Carolina, Georgia, and South Carolina are known for their textile manufacturing capabilities and could potentially serve as major exporting states for HS Code 55095300.
HS Code 55095300 represents a specific type of yarn made from polyester staple fibers mixed mainly or solely with cotton. This article has provided a comprehensive overview of the product description, bound / MFN duty rate, quantity unit, special tariff preference programs, and importing US states associated with this HS code. Importers and exporters should utilize this information to facilitate their international trade activities and enhance their competitiveness in the global market.