HS Code 85113000 refers to distributors and ignition coils, which are important components in the automotive industry. This article will provide an extensive overview of this HS code and its relevance in international trade.
Distributors and ignition coils play a crucial role in the functioning of internal combustion engines. Distributors are responsible for distributing high voltage electric current to the spark plugs, while ignition coils generate the necessary electrical charge for ignition.
When it comes to international trade, HS codes are used to classify goods for customs purposes. HS codes are standardized and are recognized globally, making it easier to track and regulate trade in a consistent manner. The HS code 85113000 specifically identifies distributors and ignition coils.
One important aspect to consider in international trade is the duty rate associated with a particular HS code. The bound or most-favored-nation (MFN) duty rate for HS code 85113000 is 2.5%. This means that every time 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.
In addition to the duty rate, special tariff preference programs can also apply to HS code 85113000. These programs provide certain countries with preferential treatment or duty-free access to specific markets. For distributors and ignition coils, the following special tariff preference programs apply:
These special tariff preference programs aim to promote trade and provide economic benefits to the countries involved. Importers and exporters should familiarize themselves with these programs to take advantage of duty-free or preferential treatment.
When it comes to importing distributors and ignition coils into the United States, specific states play a significant role. Michigan and West Virginia are the primary importing states for HS code 85113000, followed by Alabama. These states likely have a strong automotive industry presence, which requires a substantial supply of distributors and ignition coils.
On the other hand, the exporting states for HS code 85113000 are not specified in the provided data. However, it is essential to note that distributors and ignition coils are produced and exported by various countries around the world to meet the global demand.
HS code 85113000 represents distributors and ignition coils in international trade. Understanding the duty rates and special tariff preference programs associated with this HS code is crucial for importers and exporters. Furthermore, recognizing the importing and exporting states can provide valuable insights into the demand and supply dynamics of distributors and ignition coils in the global market.