Benzene, classified under HS Code 29022000, is a chemical compound widely used in various industries. In this comprehensive guide, we will explore the details of this HS code, its specific product description, duty rates, quantity units, special tariff preference programs, and the importing and exporting US states involved in its trade.
Benzene is a colorless, highly flammable liquid with a sweet aroma. It is derived from crude oil and is a fundamental building block for the chemical industry. Benzene is primarily used as a solvent for various substances, including plastics, resins, synthetic fibers, rubber, dyes, detergents, and pharmaceuticals. It is also a key ingredient in the production of many chemicals, such as styrene, cyclohexane, and nitrobenzene.
HS Code 29022000 is duty-free, meaning there are no tariffs or duties imposed on the import and export of benzene. This encourages international trade and facilitates the free flow of benzene between countries.
The quantity unit for benzene under HS Code 29022000 is liters (L). This unit of measurement is used to determine the volume of benzene being imported or exported.
Benzene, classified under HS Code 29022000, is eligible for special tariff preference programs in various countries. The following countries offer duty-free treatment for benzene:
These special tariff preference programs aim to promote international trade and foster economic relations between countries by providing favorable treatment for the import and export of benzene.
HS Code 29022000, pertaining to benzene, is imported into the following US states:
These states play a significant role in importing benzene, utilizing it for various industrial applications within their respective economies.
The export of benzene under HS Code 29022000 is primarily facilitated by the following US states:
These states contribute to the global supply of benzene, exporting it to meet the demands of industries and markets around the world.
HS Code 29022000 represents benzene, a versatile chemical compound essential for numerous industrial processes. With its duty-free status, favorable tariff preference programs, and significant involvement from various US states, benzene plays a crucial role in international trade and economic development.