Barium sulfate, also known as barytes, is a naturally occurring mineral that is widely used in various industries. It is a white crystalline solid that is odorless and insoluble in water. Barium sulfate has several applications, including in the oil and gas industry, paints and coatings, plastics, rubber, and pharmaceuticals.
The HS Code 25111050 specifically refers to natural barium sulfate that is not ground. This means that the mineral is in its natural form without any processing to reduce its particle size. Barium sulfate is often ground to a fine powder to enhance its properties and improve its dispersion in various applications. However, in this case, the product is in its raw form.
When it comes to trade, the HS Code is an internationally recognized system for classifying goods. It helps in the smooth flow of trade by providing a standardized code for each product. The HS Code 25111050 allows countries to identify and classify natural barium sulfate accurately.
The bound or most-favored-nation (MFN) duty rate for HS Code 25111050 is $1.25 per metric ton (T). The MFN duty rate is the rate that applies to all trading partners of a country, regardless of any special trade agreements or preferences. 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.
In addition to the MFN duty rate, there are also special tariff preference programs available for HS Code 25111050. These programs provide certain countries with preferential treatment, including duty-free access to the market. Some of the special tariff preference programs for natural barium sulfate include:
It is important for importers and exporters of natural barium sulfate to be aware of these special tariff preference programs to take advantage of the benefits they offer.
In terms of trade, the United States imports natural barium sulfate (HS Code 25111050) primarily from Louisiana. On the other hand, the main exporting states of natural barium sulfate are Wisconsin, Georgia, South Dakota, and Wyoming. These states are known for their barium sulfate reserves and production capabilities.
the HS Code 25111050 refers to natural barium sulfate (barytes) that is not ground. It is an essential mineral used in various industries, and its trade is governed by the international HS Code system. Importers and exporters should be aware of the MFN duty rate and the special tariff preference programs available for this product. Furthermore, understanding the import and export trends of natural barium sulfate can provide valuable insights for businesses involved in its trade.