Gluconic acid is a compound commonly found in fruits, honey, and wine. It is a mild organic acid that has various applications in the food and pharmaceutical industries. The salts and esters of gluconic acid, classified under HS Code 29181650, are of particular interest due to their versatile properties and uses.
The HS Code 29181650 refers to the specific classification of salts and esters of gluconic acid in international trade. This code is used by customs authorities and importers/exporters to accurately identify and categorize the product for customs clearance and statistical purposes.
When importing or exporting products classified under HS Code 29181650, it is essential to be aware of the associated tariff rates and special tariff preference programs. The bound/MFN (Most Favored Nation) duty rate for this HS code is 3.7%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS Code 29181650 is kilograms (KG). This unit is used to measure the weight of the salts and esters of gluconic acid during international trade transactions.
There are also special tariff preference programs available for products classified under HS Code 29181650. These programs provide certain countries with preferential treatment, including duty-free access to the market. The countries eligible for these special tariff preference programs for salts and esters of gluconic acid include Australia, Bahrain, Canada, Chile, E (European Union), Israel, Japan, Jordan, Korea, Morocco, Mexico, Oman, Peru, Singapore, and the United States.
When it comes to importing salts and esters of gluconic acid into the United States, specific states have been identified as major importers. These states include Mississippi, Rhode Island, and West Virginia. These states have a higher demand for these products, possibly due to the presence of industries that utilize salts and esters of gluconic acid in their manufacturing processes.
On the export side, the specific states that are major exporters of salts and esters of gluconic acid from the United States vary depending on market demand and production capabilities. To ensure a successful export business, it is crucial to conduct market research and identify potential international buyers for these products.
In summary, HS Code 29181650 represents the salts and esters of gluconic acid in international trade. This code is used to classify and identify these products for customs clearance and statistical purposes. The associated tariff rates, special tariff preference programs, and major importing/exporting states provide valuable information for businesses involved in the trade of salts and esters of gluconic acid.