HS Code 85059080: Electromagnets and Parts Thereof

The HS Code 85059080 refers to Electromagnets and parts thereof, and parts of related electromagnetic articles nesi. This code is used to classify and regulate the import and export of these specific products. In this article, we will explore the details of this HS code, including its product description, duty rates, special tariff preference programs, and the states involved in importing and exporting these products.

Product Description

Electromagnets and parts thereof, and parts of related electromagnetic articles nesi fall under the HS Code 85059080. This code is used to identify and classify these specific products for international trade purposes. Electromagnets are devices that generate a magnetic field using an electric current. They are widely used in various industries, including automotive, electronics, and telecommunications.

Duty Rates

The bound or most favored nation (MFN) duty rate for HS Code 85059080 is 1.3%. 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 duty rate is applied to the declared value of the imported goods and is collected by the customs authorities.

Special Tariff Preference Programs

HS Code 85059080 is eligible for various special tariff preference programs that provide duty-free treatment for importing countries. Some of the programs applicable to this code include:

Generalized System of Preferences (GSP): This program grants duty-free treatment for eligible products from certain developing countries.
Australia Special Rate: Specifies duty-free treatment for imports from Australia.
Automotive Products Trade Act (APTA): Provides duty-free treatment for automotive products.
Bahrain Special Rate: Grants duty-free treatment for imports from Bahrain.
NAFTA for Canada: Offers duty-free treatment for imports from Canada under the North American Free Trade Agreement.
Chile Special Rate: Specifies duty-free treatment for imports from Chile.
Caribbean Basin Initiative (CBI): Provides duty-free treatment for eligible products from designated Caribbean countries.
Israel Special Rate: Grants duty-free treatment for imports from Israel.
Andean Trade Preference Act (ATPA): Offers duty-free treatment for imports from designated Andean countries.
Jordan Special Rate: Specifies duty-free treatment for imports from Jordan.
Morocco Special Rate: Grants duty-free treatment for imports from Morocco.
NAFTA for Mexico: Provides duty-free treatment for imports from Mexico under the North American Free Trade Agreement.
Oman Special Rate: Specifies duty-free treatment for imports from Oman.
Dominican Republic-Central American Special Rate (DR-CAFTA): Offers duty-free treatment for imports from the participating countries in the DR-CAFTA agreement.
Peru Special Rate: Grants duty-free treatment for imports from Peru.
Singapore Special Rate: Specifies duty-free treatment for imports from Singapore.

Importing and Exporting US States

Based on the available data, the following US states are involved in the import and export of products classified under HS Code 85059080:

Importing US States:

Washington
Nevada
Nevada
Arizona
Delaware
Wisconsin

Exporting US States:

Pennsylvania
Vermont

These states play a significant role in the trade of electromagnets and their parts, both as importers and exporters. The import data indicates the demand for these products in the mentioned states, while the export data suggests the presence of local manufacturers or distributors who export to other states or countries.

Understanding the HS Code 85059080 is crucial for businesses involved in the import and export of electromagnets and related parts. Compliance with the duty rates and utilization of special tariff preference programs can significantly impact the cost and competitiveness of these products in the international market.