When it comes to international trade, HS Code 95066960 plays a crucial role in identifying and categorizing noninflatable balls nesoi. This code is used worldwide to facilitate the movement of goods across borders and ensure uniformity in trade regulations.
Noninflatable balls nesoi refer to a variety of balls that are not designed to be filled with air or any other gases. These balls can be made from different materials such as rubber, plastic, or leather, and they are used in various sports, recreational activities, and even in industrial applications.
One important aspect to note about HS Code 95066960 is the bound or MFN (Most Favored Nation) duty rate of 4.9%. 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. This ensures fair and equal treatment for all countries involved in international trade.
Another interesting feature of this HS code is the availability of special tariff preference programs. The following countries enjoy free trade under these programs: Australia, Austria, Bahrain, Canada, Chile, European Union member states, Israel, Japan, Jordan, Morocco, Mexico, Oman, Peru, Singapore, and the United States. These programs provide various benefits, including duty-free treatment, to promote trade and economic cooperation between the participating countries.
When it comes to importing noninflatable balls nesoi into the United States, the data shows that New Hampshire is the main destination. This indicates a high demand for these balls in the state, possibly due to sports activities, recreation centers, or other factors that drive the need for such products. Vermont is another state that appears as an importing destination, albeit to a lesser extent.
On the exporting side, Rhode Island and Vermont are the states that are actively involved in shipping noninflatable balls nesoi to other countries. This suggests that these states have a strong manufacturing or distribution presence in the noninflatable ball industry.
HS Code 95066960 is a valuable tool for classifying and regulating the trade of noninflatable balls nesoi. Its bound duty rate, special tariff preference programs, and import/export data provide insights into the global movement of these products. Understanding and utilizing this code effectively can greatly benefit businesses and governments involved in the international trade of noninflatable balls nesoi.