Isophorone is a chemical compound that falls under the HS Code 29142910. In this article, we will delve into the details of this HS Code and explore its product description, duty rates, special tariff preference programs, and the importing and exporting states in the United States.
Isophorone is a colorless liquid with a distinctive odor. It is primarily used as a solvent in various industries such as paints, coatings, adhesives, and plastics. Its chemical formula is C9H14O, and it belongs to the ketone family. Isophorone is known for its excellent solvency and low evaporation rate, making it an ideal choice for many applications.
The bound or most-favored-nation (MFN) duty rate for HS Code 29142910 is 4%. This means that every time a country reduces trade barriers or opens up its market, it must apply the same duty rate to all its trading partners for the goods or services falling under this HS Code. The 4% duty rate ensures fair trade practices and equal treatment for all countries.
The unit of measurement for Isophorone imports and exports is kilograms (KG). This standardized quantity unit allows for easy tracking and comparison of trade volumes across different countries and regions. The use of KG as the quantity unit ensures accuracy and consistency in international trade statistics for HS Code 29142910.
Isophorone, under HS Code 29142910, enjoys special tariff preference programs in several countries. These programs provide favorable treatment, including duty-free or reduced-duty access, to promote trade and economic cooperation. The following countries have special tariff preference programs for Isophorone:
These special tariff preference programs aim to facilitate trade and strengthen economic ties between the importing and exporting countries. They provide a competitive advantage to traders and encourage the growth of industries relying on Isophorone.
Isophorone is imported and exported to and from various states in the United States. Based on the available data, the primary importing state for Isophorone is West Virginia, which shows a high demand for this chemical compound. West Virginia's strategic location and industrial infrastructure make it an ideal hub for Isophorone imports.
Additionally, West Virginia is also a significant exporting state for Isophorone. This suggests that the state not only serves its domestic market but also plays a crucial role in supplying Isophorone to other regions and countries. The consistent demand for Isophorone from West Virginia highlights the importance of this chemical compound in various industries.
Isophorone, falling under HS Code 29142910, is a versatile chemical compound used as a solvent in various industries. Its duty rate, special tariff preference programs, and trade volumes highlight its significance in international trade. Furthermore, the prominent role of West Virginia in both importing and exporting Isophorone underlines the state's importance in the global supply chain of this chemical compound.