Soy sauce is a popular condiment that adds flavor and depth to various dishes. It is a staple in many Asian cuisines and is also widely used in international cooking. In this article, we will explore the HS Code 21031000, which specifically pertains to soy sauce, and provide a comprehensive overview of this product.
HS Code 21031000 refers to the classification code used for soy sauce in international trade. This code is part of the Harmonized System (HS), which is a globally recognized system for classifying and identifying products in import-export transactions. It helps streamline trade processes and facilitates the collection of trade statistics.
Product Description: Soy Sauce
Soy sauce is a dark, savory liquid condiment made from fermented soybeans, roasted grains, water, and salt. It has a rich umami flavor and is commonly used as a seasoning, marinade, or dipping sauce. Soy sauce is an essential ingredient in Asian dishes such as stir-fries, sushi, and dumplings.
Bound / MFN Duty Rate: 3%
The bound or most-favored-nation (MFN) duty rate for HS Code 21031000 is 3%. 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. The 3% duty rate applies to the import of soy sauce regardless of its country of origin.
Quantity Unit: Kilograms (KG)
The quantity unit for soy sauce under HS Code 21031000 is kilograms (KG). This unit of measurement is used to determine the weight of the product being imported or exported. It provides a standardized way to quantify the amount of soy sauce being traded.
Special Tariff Preference Programs:
Importing US States and Exporting US States:
The import and export of soy sauce under HS Code 21031000 occur between various states in the United States. Some of the major importing states include California, New York, Texas, Illinois, and Florida. These states have a high demand for soy sauce due to their diverse culinary scenes and large population.
On the other hand, the major exporting states in the US for soy sauce are California, New York, New Jersey, Texas, and Illinois. These states are home to many soy sauce manufacturers and have established distribution networks to supply the product to domestic and international markets.
HS Code 21031000 encompasses the classification and trade regulations for soy sauce. This article provided a detailed overview of soy sauce, including its product description, duty rate, quantity unit, and special tariff preference programs. Understanding this HS code is crucial for importers, exporters, and anyone involved in the international trade of soy sauce.