Styrene is a versatile chemical compound that plays a crucial role in various industries. In this article, we will delve into the world of styrene and explore its uses, import and export data, as well as the applicable HS code – 29025000.
Styrene, categorized under HS code 29025000, is a colorless liquid with a distinctive sweet smell. It belongs to the family of aromatic hydrocarbons and is primarily used in the production of polymers and resins. Styrene is highly flammable and should be handled with caution.
Under the HS code 29025000, styrene is subject to a bound or most-favored-nation (MFN) duty rate. This means that every time a country lowers a trade barrier or opens up a market, it must apply the same treatment to styrene imports from all its trading partners.
When it comes to measuring styrene, the quantity unit used is kilograms (KG). This standard unit allows for accurate measurement and ease of trade across borders.
Styrene enjoys special tariff preference programs in various countries. These programs provide duty-free treatment to imports of styrene from specific trading partners. The following countries have such programs in place for styrene under HS code 29025000:
These special tariff preference programs aim to promote trade and strengthen economic ties between countries.
When it comes to importing styrene under HS code 29025000, several US states engage in this trade. The major importing states for styrene include:
These states play a significant role in fulfilling the demand for styrene within the United States.
On the other hand, the major exporting states of styrene under HS code 29025000 in the United States are:
These states contribute to the global supply of styrene, catering to the needs of various industries worldwide.
HS code 29025000 encompasses the trade of styrene, a versatile chemical compound with numerous applications. Understanding the relevant duty rates, special tariff preference programs, and import/export data is essential for businesses and individuals involved in the styrene trade. By adhering to the regulations and leveraging special programs, stakeholders can foster international trade and contribute to the growth of their respective economies.