Needle roller bearings are a type of rolling element bearing that utilizes cylindrical rollers instead of balls to reduce friction and support radial loads. These bearings are commonly used in various applications, including automotive, industrial machinery, and aerospace. The HS code 84824000 specifically refers to needle roller bearings, categorizing them for trade and customs purposes.
When importing needle roller bearings into the United States, certain duty rates apply. The bound or most-favored-nation (MFN) duty rate for this HS code is 5.8%. 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. It ensures fair and equal treatment for all countries involved in international trade.
The quantity unit for needle roller bearings is measured in numbers (NO), indicating the total number of bearings being imported or exported. This unit helps in accurately determining the quantity of goods being traded.
Under certain circumstances, needle roller bearings may be eligible for special tariff preference programs, providing duty-free treatment for specific countries. The following countries have special rates for this HS code:
These special tariff preference programs aim to promote trade and strengthen economic ties between participating countries. By offering duty-free treatment, they encourage the import and export of goods, including needle roller bearings.
When importing needle roller bearings into the United States, the following states have been identified as the main importers:
These states have a significant demand for needle roller bearings, likely due to the presence of industries that rely on such bearings for their machinery and equipment.
On the other hand, the following states are major exporters of needle roller bearings from the United States:
These states have industries that manufacture and produce needle roller bearings, catering to both domestic and international markets.
needle roller bearings classified under HS code 84824000 play a crucial role in various industries worldwide. From automotive applications to industrial machinery, these bearings provide efficient and reliable support for radial loads. Understanding the HS code and associated tariff preference programs can help importers and exporters navigate the complexities of international trade.