In the world of international trade, HS Code 84807180 represents molds for rubber or plastics, specifically injection or compression types. This code is used to classify and identify these types of molds, excluding those used for shoe machinery or for the manufacture of semiconductor devices.
The HS Code system is a standardized classification system used by countries around the world to facilitate international trade. By assigning a unique code to each product, it allows for easy identification and categorization of goods for customs and statistical purposes.
When it comes to the bound or most-favored-nation (MFN) duty rate for HS Code 84807180, it is set at 3.1%. This means 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.
The quantity unit for HS Code 84807180 is the number (NO), indicating that the measurement is based on the number of molds being imported or exported.
There are also several special tariff preference programs that apply to products classified under HS Code 84807180. These programs provide preferential treatment, often in the form of duty-free or reduced-duty treatment, for eligible countries. Some of the programs applicable to this HS Code include:
Now let's take a look at the importing and exporting patterns for HS Code 84807180 in the United States. The following states are major importers of the product:
On the other hand, the following states are major exporters of molds for rubber or plastics:
HS Code 84807180 plays an important role in international trade, allowing for the classification and tracking of molds for rubber or plastics. Understanding the HS Code system and the specific details related to each code can help businesses navigate the complexities of global trade and take advantage of applicable tariff preference programs.