The Extensive Guide to HS Code 72139160

If you are involved in international trade, you may have come across the term HS Code. HS Codes are a vital part of global commerce, making it easier to classify and identify products for import and export purposes. In this article, we will delve into the HS Code 72139160, focusing on the product description, its significance, and other relevant information.

HS Code 72139160: Product Description

The HS Code 72139160 refers to iron or non-alloy steel, not elsewhere specified, in the form of hot-rolled bars and rods. These bars and rods are typically found in irregularly wound coils, with a circular cross-section diameter.

Iron and non-alloy steel are widely used in various industries, including construction, automotive, and manufacturing. The hot-rolled bars and rods in irregularly wound coils offer versatility and strength, making them suitable for a range of applications.

Importance of HS Code 72139160

HS Codes play a crucial role in international trade. They are utilized by customs authorities to determine the appropriate duties, taxes, and regulations applicable to specific products. By properly classifying goods using HS Codes, importers and exporters can ensure compliance with customs requirements and facilitate smoother trade transactions.

For products falling under HS Code 72139160, importers and exporters need to be aware of the specific regulations and documentation required. This includes the proper labeling, packaging, and certification needed to meet quality and safety standards.

Additional Information

Applications

Iron and non-alloy steel hot-rolled bars and rods are utilized in various industries due to their exceptional strength and durability. Some common applications include:

Construction: These bars and rods are used in the construction of buildings, bridges, and infrastructure.
Automotive: They are employed in the manufacturing of automotive parts, such as chassis components and engine parts.
Manufacturing: Hot-rolled bars and rods find use in the production of machinery, equipment, and tools.
Energy and utilities: They are also utilized in the energy sector, particularly in the construction of pipelines and power generation facilities.

Trade Statistics

Understanding trade statistics related to HS Code 72139160 can provide valuable insights into the global market. However, it's important to note that trade figures may vary over time and between countries. The following data is based on recent records:

Top Exporters: The leading exporters of iron and non-alloy steel hot-rolled bars and rods include China, Japan, and Germany.
Top Importers: The major importers of these products consist of the United States, Germany, and South Korea.
Trade Value: The global trade value for HS Code 72139160 reached billions of dollars in recent years, signifying its significant economic importance.

These statistics highlight the widespread demand for iron and non-alloy steel hot-rolled bars and rods, making them a crucial aspect of international trade.

Conclusion

HS Code 72139160 represents iron and non-alloy steel hot-rolled bars and rods in irregularly wound coils. Understanding the product description, its applications, and trade statistics is essential for importers and exporters dealing with these goods. By complying with the regulations and documentation requirements associated with this HS Code, businesses can ensure seamless international trade operations.

For further information and specific guidelines, it is recommended to consult the relevant customs authorities or trade organizations to ensure accurate compliance with HS Code 72139160.