V-belts are an essential component in various industrial and mechanical applications. They are commonly used to transmit power between two rotating shafts and are widely employed in industries such as automotive, manufacturing, and agriculture. HS Code 39269055 specifically refers to V-belts made of plastics that contain textile fibers.
The inclusion of textile fibers in these V-belts provides added strength and durability, making them suitable for heavy-duty applications. The combination of plastics and textile fibers offers a flexible and robust solution for power transmission, ensuring efficient and reliable operation.
When it comes to international trade, HS codes play a crucial role in categorizing and classifying products for customs purposes. HS Code 39269055 is used to identify and track V-belts of plastics with textile fibers in import and export transactions.
The bound / MFN duty rate for HS Code 39269055 is 5.1%. 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 duty rate ensures a fair and equal treatment of imported V-belts of plastics containing textile fibers.
The quantity unit for HS Code 39269055 is kilograms (KG). This unit of measurement allows for accurate tracking and calculation of the quantity of V-belts being imported or exported.
There are also special tariff preference programs associated with HS Code 39269055. These programs provide certain countries with preferential treatment or duty-free access to the US market for V-belts of plastics with textile fibers. Some of the special tariff preference programs applicable to this HS code include:
These special tariff preference programs enable eligible countries to import V-belts of plastics with textile fibers duty-free or at reduced rates, promoting trade and economic cooperation.
In terms of US states, the data shows that the top importing state for HS Code 39269055 is New Mexico. This indicates a significant demand for V-belts of plastics containing textile fibers in the state, possibly due to the presence of industries that heavily rely on this type of power transmission component. Other states, such as Arkansas, Colorado, Minnesota, Missouri, Nebraska, North Carolina, Ohio, Pennsylvania, and Wisconsin, also import a substantial quantity of these V-belts.
On the export side, HS Code 39269055 is primarily shipped from states like Arizona, Colorado, Delaware, Maryland, Michigan, Minnesota, New Hampshire, New Mexico, Pennsylvania, Vermont, and Wisconsin. These states contribute to the global supply of V-belts of plastics with textile fibers, catering to the needs of various industries worldwide.
HS Code 39269055 plays a vital role in facilitating international trade for V-belts of plastics containing textile fibers. It enables proper classification, tracking, and regulation of these products, ensuring fair treatment and promoting economic growth and cooperation among countries.