Gum, wood or sulfate turpentine oils fall under HS Code 38051000. This code is used to classify and identify specific products for import and export purposes. In this article, we will explore the product description, duty rates, quantity unit, and special tariff preference programs associated with HS Code 38051000.
Gum, wood or sulfate turpentine oils are natural extracts derived from various species of pine trees. These oils are commonly used in industries such as paint, varnish, adhesive, and fragrance. They are known for their solvency, low toxicity, and pleasant scent. Gum, wood or sulfate turpentine oils are versatile substances that find applications in a wide range of products.
The bound / MFN (Most Favored Nation) duty rate for HS Code 38051000 is 5%. This means that every time a country lowers a trade barrier or opens up a market, it has to apply the same duty rate of 5% for the import or export of gum, wood or sulfate turpentine oils from all its trading partners. The duty rate ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for gum, wood or sulfate turpentine oils is liters (L). This unit of measurement is used to determine the volume or quantity of the product being imported or exported. It helps in accurately calculating the amount of gum, wood or sulfate turpentine oils involved in a trade transaction.
Gum, wood or sulfate turpentine oils under HS Code 38051000 are eligible for various special tariff preference programs. These programs provide certain countries with preferential treatment or duty-free access to the US market. The following countries enjoy special tariff preferences for the import of gum, wood or sulfate turpentine oils:
These special tariff preference programs aim to promote trade and economic cooperation between the United States and the eligible countries. By providing duty-free or preferential treatment, they encourage the import and export of gum, wood or sulfate turpentine oils, benefiting both the importing and exporting countries.
Gum, wood or sulfate turpentine oils classified under HS Code 38051000 can be imported into various states of the United States. The specific importing states may vary depending on market demand and trade agreements. However, some of the major importing states for these oils include:
These states have a significant demand for gum, wood or sulfate turpentine oils due to their thriving industries in sectors such as manufacturing, construction, and chemical processing.
Gum, wood or sulfate turpentine oils classified under HS Code 38051000 are exported from various states of the United States to cater to international markets. The exporting states may vary depending on production capabilities and trade competitiveness. Some of the prominent exporting states for these oils include:
These states have a strong presence in the production and export of gum, wood or sulfate turpentine oils, contributing to the global supply chain and meeting the demand in different countries.
HS Code 38051000 represents gum, wood or sulfate turpentine oils. This code helps in classifying and identifying the product for import and export purposes. The duty rates, quantity unit, and special tariff preference programs associated with this HS Code play a crucial role in facilitating international trade and promoting economic cooperation between countries.