The HS Code 52030005 refers to cotton fibers that are carded or combed, but not spun. These fibers are processed cotton fiber and are used in various industries such as textiles, apparel, and home furnishings. This code is part of the Harmonized System (HS) that is used globally to classify and categorize traded goods.
Cotton fibers are an essential raw material in the textile industry. They are used to make a wide range of products, including clothing, bed sheets, towels, and more. The carding or combing process helps to align the fibers and remove any impurities, resulting in a higher quality and more uniform product.
The HS Code 52030005 specifically describes cotton fibers that have been processed but not spun. This means that they have undergone the carding or combing process, but have not yet been transformed into yarn or thread. These fibers can be used in various stages of textile production, depending on the specific requirements of the manufacturer.
When importing or exporting cotton fibers under HS Code 52030005, it is important to consider the associated duties and tariff rates. The bound or Most Favored Nation (MFN) duty rate for this product is 5%. This means that every time a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners.
The quantity unit for cotton fibers under HS Code 52030005 is kilograms (KG). This unit is commonly used in international trade to measure the weight of goods. It is important to accurately measure the quantity of cotton fibers being imported or exported to ensure compliance with customs regulations.
There are also special tariff preference programs available for cotton fibers under HS Code 52030005. These programs provide certain countries with preferential treatment or duty-free access to the US market. Some of the countries that have special tariff rates for this product include Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and more.
When it comes to importing cotton fibers under HS Code 52030005, there are several US states that are major players in this trade. These states include Arizona, Arkansas, Georgia, Mississippi, Oklahoma, and Tennessee. These states have a significant presence in the cotton industry and play a crucial role in the supply chain.
HS Code 52030005 refers to carded or combed cotton fibers that have been processed but not spun. These fibers are used in various industries and are an essential raw material in the textile sector. It is important to understand the associated duties, tariff rates, and special tariff preference programs when importing or exporting this product. Additionally, the US states of Arizona, Arkansas, Georgia, Mississippi, Oklahoma, and Tennessee are key players in the trade of cotton fibers under this HS code.