The HS Code 72255080 refers to a specific category of products in international trade. In this article, we will explore the details of this HS code and provide information on its product description, duty rates, quantity units, special tariff preference programs, and the states involved in importing and exporting these products.
The product description of HS Code 72255080 is alloy steel (o/th heat-resisting) that is cold-rolled and flat-rolled. It has a width of 600mm or more and a thickness less than 4.75 mm. Alloy steel is a type of steel that contains other elements in addition to iron and carbon, such as chromium, nickel, or molybdenum. This enhances its strength, hardness, and resistance to corrosion.
The bound / MFN (Most Favored Nation) duty rate is the rate at which a country charges import duties on goods from other countries. The HS Code 72255080 does not specify a specific duty rate. However, it is important to note that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. This principle ensures fair and equal treatment in international trade.
The quantity unit for HS Code 72255080 is kilograms (KG). This means that the weight of the imported or exported goods is measured in kilograms. It is a standard unit of measurement used in international trade to determine the quantity and cost of products.
Special tariff preference programs are agreements or schemes that offer reduced or zero tariff rates for certain products from specific countries. The HS Code 72255080 does not mention any specific special tariff preference programs. However, it is worth noting that various countries and trading blocs have their own programs to promote trade and economic cooperation.
When it comes to the importing of products under HS Code 72255080, the data shows that the state of Wyoming is the primary importer. This means that Wyoming has a significant demand for alloy steel (o/th heat-resisting) that meets the specifications outlined in the HS code.
On the other hand, the exporting of products under HS Code 72255080 is dominated by the state of Alabama. This suggests that Alabama is a major producer or supplier of alloy steel (o/th heat-resisting) with the specified characteristics.
It is important to note that the information provided is based on the available data and may not represent the complete picture of importing and exporting for HS Code 72255080. The trade dynamics can vary over time and depend on various factors such as market demand, production capabilities, and international trade agreements.
the HS Code 72255080 represents alloy steel (o/th heat-resisting) that is cold-rolled and flat-rolled with specific dimensions. The duty rates, quantity unit, and special tariff preference programs may vary depending on the specific country and trade agreements. Importing US states such as Wyoming and exporting US states such as Alabama play a significant role in the trade of these products. Understanding the details of HS Code 72255080 is essential for businesses and individuals involved in international trade and commerce.