Toluene is a chemical compound classified under HS Code 29023000. In this article, we will explore the product description, duty rates, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.
Toluene is a colorless liquid with a distinctive sweet smell. It is a highly versatile solvent used in various industries such as paints, coatings, adhesives, and pharmaceuticals. It is also used as a fuel additive and in the production of chemicals like benzene, xylene, and nitrotoluene.
The bound or Most Favored Nation (MFN) duty rate for HS Code 29023000 is free. This means that countries have agreed to eliminate or reduce trade barriers for toluene imports. Whenever a country lowers a trade barrier or opens up its market, it must do so for the same goods or services from all its trading partners.
The quantity unit for toluene imports and exports is measured in liters (L). This unit of measurement is commonly used to determine the volume of liquid substances in international trade.
Toluene under HS Code 29023000 enjoys special tariff preference programs in several countries. These programs provide duty-free treatment or special rates for imports. The countries and programs include:
Toluene is imported and exported by various states in the United States. The following states are associated with the importation of toluene:
On the other hand, the following states are associated with the exportation of toluene:
The import and export of toluene contribute to the economic activities and industrial growth of these states.
HS Code 29023000 represents toluene, a versatile chemical compound used in various industries. Its duty rate is free, and it enjoys special tariff preference programs in multiple countries. Toluene is imported and exported by several US states, contributing to their economic development.