The HS Code 84734085 refers to parts and accessories of machines of heading 8472, NESOI. This code provides a classification for specific products in international trade, allowing for easier identification and tracking of goods. Understanding the HS code and its associated data can be beneficial for importers, exporters, and policymakers.
The product description for HS Code 84734085 states that it includes parts and accessories of machines of heading 8472. Machines of heading 8472 are classified as automatic data processing (ADP) machines, commonly known as computers. These machines are widely used in various industries for data processing, storage, and retrieval. The parts and accessories covered by the HS Code 84734085 are not specified further, so they can include a wide range of components and peripherals used in computer systems.
When it comes to trade, the bound or most-favored-nation (MFN) duty rate for HS Code 84734085 is 1.9%. The MFN duty rate refers to the standard rate applied to imports from all trading partners. However, it is important to note that some countries may offer special tariff preference programs for this HS code. For example, several countries such as Australia, Bahrain, Canada, Chile, and others provide duty-free treatment for imports of products classified under HS Code 84734085 under specific trade programs like the Generalized System of Preferences (GSP) or bilateral trade agreements like NAFTA. These special rates can be advantageous for businesses involved in international trade.
In terms of quantity unit, the data shows that no units were collected (X). This indicates that the data provided does not include specific quantity measurements for imports or exports of products classified under HS Code 84734085. However, it is important to consider that this may vary depending on the source of the data or specific trade transactions.
Looking at the list of importing and exporting US states for HS Code 84734085, we can see that the code is widely used across various states. The top importing states include California, Colorado, Florida, Georgia, Massachusetts, Oklahoma, and Texas. These states have a significant demand for parts and accessories of machines classified under HS Code 84734085, indicating a strong presence of industries that rely on computer systems and related equipment.
On the other hand, the top exporting states for this HS code are California, Massachusetts, New Mexico, Oklahoma, and Texas. These states are likely to have a higher concentration of manufacturers or suppliers of parts and accessories for ADP machines. This suggests that there is a domestic production capacity for these products, leading to their export to other states or countries.
Overall, the HS Code 84734085 plays a crucial role in international trade by providing a standardized classification for parts and accessories of machines of heading 8472. Understanding this code and its associated data can help businesses navigate import and export regulations, take advantage of special tariff preference programs, and identify potential market opportunities in different states or countries.