The HS Code 87085070 refers to parts and accessories of tractors that are suitable for agricultural use, specifically parts of drive axles with different transmission components. This code is used to classify and categorize these specific products for trade and customs purposes.
When it comes to trade barriers and market access, countries are required to lower their trade barriers or open up their markets for the same goods or services from all their trading partners. This means that the bound or most-favored-nation (MFN) duty rate for HS Code 87085070 is free. This ensures that the products falling under this code can be imported and exported without any additional tariffs or duties.
The quantity unit for this HS Code is number (NO), which means that the products are measured and traded based on the number of units rather than weight or volume.
There are also special tariff preference programs in place for HS Code 87085070. These programs offer duty-free treatment for certain countries. The countries included in these programs are: Australia (A*), Austria (AU), Belgium (B), Bahrain (BH), Canada (CA), Chile (CL), Spain (E), Israel (IL), Japan (J), Jordan (JO), Morocco (MA), Mexico (MX), Oman (OM), Portugal (P), Peru (PE), Singapore (SG).
Additionally, there are specific special rates and trade agreements that provide duty-free treatment for certain countries. These include the Automotive Products Trade Act (APTA) for Australia, the NAFTA agreement for Canada and Mexico, the Caribbean Basin Initiative (CBI), the Andean Trade Preference Act (ATPA), the Dominican Republic-Central American Special Rate (DR-CAFTA), and the special rate for Israel, Jordan, and Singapore.
Looking at the importing US states for HS Code 87085070, the top states include Alabama, Michigan, Arkansas, Mississippi, Ohio, and South Carolina. These states have a high demand for parts and accessories of tractors suitable for agricultural use, indicating a strong agricultural sector and the need for these products.
On the other hand, the exporting US states for HS Code 87085070 are primarily Michigan and North Carolina. These states are major suppliers of parts and accessories for tractors and play a significant role in meeting the demands of both domestic and international markets.
HS Code 87085070 represents parts and accessories of tractors suitable for agricultural use, specifically parts of drive axles with different transmission components. The code ensures that these products can be imported and exported without additional tariffs or duties. The special tariff preference programs and duty-free treatment for certain countries further facilitate trade in this sector. The import and export data indicate strong demand and supply from various US states, with Alabama, Michigan, Arkansas, Mississippi, Ohio, South Carolina, and North Carolina playing key roles in the trade of these products.