The HS Code 84862000 refers to machines and apparatus used in the manufacturing process of semiconductor devices or electronic integrated circuits. These machines play a crucial role in the production of various electronic components that are widely used in everyday devices such as smartphones, computers, and televisions.
The bound or MFN (Most Favored Nation) duty rate for this HS code is free. This means that whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners. This promotes fair and equal trade practices among nations.
The quantity unit for HS Code 84862000 is measured in numbers (NO), indicating the count or quantity of machines or apparatus being imported or exported.
There are also special tariff preference programs associated with HS Code 84862000. These programs offer duty-free treatment for certain countries. The countries that enjoy this preferential treatment include:
When it comes to the importing of HS Code 84862000 machines and apparatus, the data shows that the states of Missouri, Arizona, Connecticut, Idaho, and Oregon are the major importers. These states have a significant demand for these machines, indicating a thriving semiconductor and electronic manufacturing industry in these regions.
On the other hand, the exporting of HS Code 84862000 machines and apparatus is primarily done by the states of Connecticut, Arizona, California, Idaho, Massachusetts, Montana, Oregon, and Texas. These states are major contributors to the global supply of semiconductor manufacturing equipment.
As technology continues to advance, the demand for semiconductor devices and electronic integrated circuits will only grow. The machines and apparatus covered by HS Code 84862000 play a vital role in meeting this demand and driving innovation in various industries. By promoting fair trade and offering preferential treatment to certain countries, the global market for these machines remains competitive and accessible to all.