Vanadium, unwrought and powders fall under the HS Code 81129270. This code is used to classify and categorize this particular product for international trade purposes. In this article, we will delve into the details of this HS code and explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states.
The HS Code 81129270 represents vanadium in its unwrought and powdered form. Vanadium is a chemical element with the symbol V and atomic number 23. It is a transition metal that possesses excellent structural strength, heat resistance, and corrosion resistance. Due to these properties, vanadium finds applications in various industries, including aerospace, energy storage, steel production, and chemical processes.
The bound or MFN (Most Favored Nation) duty rate for HS Code 81129270 is 2%. The MFN principle states that when a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for HS Code 81129270 is kilograms (KG). This unit of measure is widely used in international trade to quantify the weight or mass of the imported or exported goods. It provides a standardized measurement that facilitates accurate and consistent trade transactions.
HS Code 81129270 is eligible for various special tariff preference programs. These programs provide special rates or duty-free treatment for imports from specific countries. The following programs apply to vanadium, unwrought and powders:
These special tariff preference programs aim to promote trade and economic development between specific countries by reducing or eliminating import duties on certain goods. Importers and exporters can take advantage of these programs to benefit from lower costs and increased market access.
Vanadium, unwrought and powders classified under HS Code 81129270 are imported and exported by various US states. The specific states involved in the import and export of this product may vary depending on market demand, production capabilities, and trade agreements. Some of the notable US states involved in the import and export of vanadium include:
Importing US States:
Exporting US States:
These states play a vital role in the international trade of vanadium, contributing to its supply chain and distribution across different regions.
HS Code 81129270 represents vanadium in its unwrought and powdered form. This code helps classify and identify the product for trade purposes. Vanadium, with its unique properties, finds application in various industries. Understanding the duty rates, quantity unit, special tariff preference programs, and the involvement of different US states in the import and export of vanadium enhances our knowledge of this important material in the global market.