The HS Code 76011030 refers to a specific product description, namely aluminum (other than alloy), unwrought, in coils, with a uniform cross-section throughout its length and with the least cross-sectional dimension not exceeding 9.5 mm. This code is used to classify and categorize this particular type of aluminum for international trade purposes.
When it comes to international trade, countries often impose tariffs or duties on imported goods to protect domestic industries or generate revenue. The bound or most-favored-nation (MFN) duty rate for HS Code 76011030 is 2.6%. This means that countries must apply this duty rate every time they lower a trade barrier or open up their market for the same goods or services from all their trading partners.
The quantity unit for HS Code 76011030 is kilograms (KG). This unit of measurement is used to determine the weight of the aluminum being imported or exported.
There are also special tariff preference programs that apply to HS Code 76011030. These programs allow for reduced or zero tariffs on imports of this particular aluminum. The following countries offer special tariff rates: Australia, Bahrain, Canada, Denmark, Ecuador, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the United States. These countries have special trade agreements or preferential treatment programs in place that benefit imports of HS Code 76011030.
Some of the specific tariff preference programs for HS Code 76011030 include the Generalized System of Preferences (GSP) which provides duty-free treatment, the Australia Special Rate, the Bahrain Special Rate, NAFTA for Canada (duty-free treatment), the Africa Growth and Opportunity Act (AGOA) which provides duty-free treatment, the Caribbean Basin Initiative (CBI), the Israel Special Rate (duty-free treatment), the Andean Trade Preference Act (ATPA), the Jordan Special Rate, the Morocco Special Rate, NAFTA for Mexico, the Oman Special Rate, the Dominican Republic-Central American Special Rate (DR-CAFTA), the Peru Special Rate, and the Singapore Special Rate. These programs aim to promote trade and economic cooperation between countries by reducing or eliminating tariffs on certain goods.
When it comes to importing HS Code 76011030 into the United States, the following states are major importers: Maryland, West Virginia, Arkansas, Connecticut, Iowa, Louisiana, Missouri, and South Dakota. These states have a significant demand for this type of aluminum and engage in trade transactions involving HS Code 76011030.
On the other hand, the major exporting states for HS Code 76011030 in the United States are North Carolina, Pennsylvania, and West Virginia. These states have a significant capacity to produce and export this particular type of aluminum.
HS Code 76011030 represents a specific type of unwrought aluminum in coils, with a uniform cross-section throughout its length and with a minimum cross-sectional dimension not exceeding 9.5 mm. This code is used to classify and categorize this aluminum for international trade purposes. Various tariff preference programs and trade agreements exist that provide reduced or zero tariffs on imports of this aluminum, benefiting both importers and exporters. The United States has a significant demand for this aluminum, with major importing states including Maryland, West Virginia, and Arkansas.