The HS code 87111000 refers to motorcycles (including mopeds) and cycles fitted with a reciprocating internal-combustion piston engine with a capacity not exceeding 50 cc. This code is used to classify and categorize these specific types of vehicles for international trade purposes.
When importing or exporting motorcycles and cycles under this HS code, it is important to understand the regulations and duty rates associated with it. The MFN (Most Favored Nation) duty rate for this product is free, which means that it is duty-free every time a country lowers a trade barrier or opens up a market. This applies to all trading partners of the country.
The quantity unit for this HS code is number (NO), indicating the number of motorcycles or cycles being imported or exported.
There are also special tariff preference programs associated with this HS code. These programs provide specific countries with preferential treatment, allowing for duty-free imports or reduced duty rates. The countries eligible for these special tariff preferences for motorcycles and cycles under HS code 87111000 are:
When importing motorcycles or cycles under HS code 87111000 to the United States, the state of Utah is the main importing state. On the other hand, the main exporting states for this product are Missouri and Pennsylvania.
Understanding the HS code 87111000 and its associated regulations, duty rates, and special tariff preference programs is essential for businesses and individuals involved in the international trade of motorcycles and cycles. By complying with these regulations and taking advantage of the available tariff preferences, importers and exporters can optimize their operations and benefit from reduced costs.