When it comes to swimwear for men and boys made of textile materials other than synthetic fibers, HS Code 61123900 is the specific code used for classification purposes. This code helps in identifying and categorizing the product for import and export purposes, ensuring smooth international trade.
The product description clearly states that it is specifically for men's or boys' swimwear that is knitted or crocheted. This means that the swimwear is made using a process of interlocking loops of yarn, resulting in a comfortable and stretchable fabric.
The bound or most-favored-nation (MFN) duty rate for this HS code is 13.2%. The MFN duty rate refers to the rate applied to imports of a particular product from all trading partners, ensuring fair and equal treatment for all countries. 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 this HS code is dozens (DOZ), which means that the product is usually traded in multiples of 12 units.
There are also special tariff preference programs for this product. Certain countries have negotiated preferential rates or duty-free treatment for imports of men's or boys' swimwear under this HS code. Some of these special rates include:
These special rates allow for reduced or zero import duties, promoting trade between the countries involved.
When it comes to importing this product into the United States, the following states have been identified as major importers:
These states have shown a consistent demand for men's or boys' swimwear made of textile materials other than synthetic fibers, contributing to the overall import volume in the United States.
On the other hand, the exporting states are not specified in the provided data. However, it can be assumed that countries producing men's or boys' swimwear under this HS code would be exporting to the United States and other countries around the world.
HS Code 61123900 represents men's or boys' swimwear, knitted or crocheted, made of textile materials other than synthetic fibers. This code plays a crucial role in classifying and tracking the import and export of this specific product, ensuring fair trade practices and promoting international commerce.