Hydrogen, classified under HS Code 28041000, is a chemical element that plays a crucial role in various industries. This article will provide an in-depth understanding of hydrogen, its properties, applications, and the trade regulations associated with it.
Hydrogen, represented by the HS Code 28041000, is a colorless, odorless, and tasteless gas. It is the lightest and most abundant element in the universe, making up about 75% of its elemental mass. Hydrogen has the atomic number 1 and is denoted by the symbol H in the periodic table.
The bound / MFN duty rate for hydrogen is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for hydrogen from all its trading partners. This ensures fair and equal treatment for hydrogen imports and exports.
The quantity unit for hydrogen is kilograms per cubic meter (KM3). This unit helps in determining the volume and weight of hydrogen being traded.
Hydrogen enjoys special tariff preference programs in several countries. These programs provide benefits such as duty-free treatment or special rates. The countries and programs applicable to hydrogen imports include:
Hydrogen imports into the United States are primarily received by the following states:
The United States exports hydrogen primarily from the following states:
Hydrogen serves as a vital component in various industries, including energy, transportation, electronics, and manufacturing. Its applications range from fuel cells for clean energy production to hydrogenation processes in the manufacturing of chemicals and pharmaceuticals.
Understanding the HS Code 28041000 for hydrogen allows businesses and traders to navigate the international trade landscape efficiently. By leveraging the available tariff preference programs and knowing the importing and exporting regions, businesses can make informed decisions to optimize their hydrogen trade operations.