The HS Code 87084030 refers to parts and accessories of tractors that are specifically designed for agricultural use, specifically gear boxes. This code is used to classify and track the import and export of these products. Understanding the details of this HS code can provide valuable insights into the global trade of agricultural machinery and equipment.
When it comes to trade barriers and market access, the bound / MFN (Most Favored Nation) duty rate for this HS code is free. This means that whenever 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. This promotes fair and equal trade practices among countries.
The quantity unit for this HS code is measured in numbers (NO), indicating the number of parts or accessories being imported or exported.
There are also special tariff preference programs associated with this HS code. The following countries enjoy duty-free treatment under these programs:
These special tariff preference programs provide additional benefits to the countries listed, encouraging trade and economic cooperation between them.
Examining the importing and exporting US states for this HS code can reveal patterns and trends in the trade of these parts and accessories. The main importing US states for HS Code 87084030 are Alabama, Arkansas, Michigan, Mississippi, Ohio, and South Carolina. These states have a high demand for agricultural machinery and equipment, indicating a thriving agricultural industry.
On the other hand, the main exporting US states for this HS code are Michigan, North Carolina, Illinois, Indiana, Ohio, and South Carolina. These states are likely to have a strong manufacturing base for agricultural machinery and equipment, supplying both domestic and international markets.
Understanding the import and export dynamics of this HS code can help policymakers, manufacturers, and traders make informed decisions. It provides insights into market demand, trade relationships, and potential growth opportunities. By analyzing the data associated with HS Code 87084030, stakeholders can identify areas for improvement, develop trade strategies, and foster economic growth in the agricultural machinery sector.