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Importance and usage of hs code in the import-export industry

For more than 33 years, HS Codes have been a part of Global Trade Data. HS Codes are therefore necessary before starting an import-export business in any nation in order to successfully trade goods abroad. First of all, HS Codes denote a harmonised system. It was established by the World Customs Organisation in 1988 to create channels for coordinating customs and trade projects. These codes are generally accepted for usage in the more than 200 nations that participate in the international trade of products. Thus, Kenya Trade Data provides a brief explanation of what  Kenya customs tariff book  are and the significance of the harmonised system. This manual will assist new importers and exporters in the global markets who export in accordance with the standards for HS commodity groupings. Introduction to the Harmonized Coding System (HS Codes) The phrase “harmonised commodity description and coding system,” or “HS,” is used to describe the system of naming and numbering things that are t

HS Code-What is a harmonized code and what do I need to do with it?

Harmonized Coding System (HS Codes) The HS, or Harmonized Commodity Description and Coding System, is a term used to classify globally traded products using names and numbers. AHS Codes are typically 6 digits long. These six digits are then subdivided into three pairs of two digits each. This is known as the HS Code structure. The AHS Code is written as follows: 420222. Each pair of two digits describes the product being imported or exported. Here's how it's done: First two digits : high school chapter (the type of commodity) Second and third digits : HS heading (raw material information) The HS subheading is the third two digits (finished or non-finished good). For instance, the importation of surface plastic sheeting, textiles, and handbags is only permitted under HS Code 420222. To exchange certain commodities, this code is used in nations including France, China, Italy, Burma, Hong Kong, Canada, Cambodia, Japan, and Indonesia. A few nations allow HS codes to be more than si

Kenya trading with the U.S. Statistics

At current market exchange rates, the GDP of Kenya was expected to be $98.6 billion in 2019, real GDP increased by an estimated 5.6%, and there were 49 million people living there. (IMF source) With $1.1 billion in total (two-way) goods commerce in 2019, Kenya is now our 96th largest trading partner. $401 million worth of products were exported and $667 million worth of goods were imported. In 2019, the United States’ goods trade deficit with Kenya was $266 million. Exports In 2019, Kenya was the 109th-largest export market for commodities from the United States. US exports of commodities to Kenya in 2019 was $401 million, up 36 million dollars from the previous year but down 38.6% from 2009. The top two-digit HS export categories in 2019 were machinery ($41 million), plastics ($58 million), and aeroplanes ($59 million).  Cereals ($30 million), special other (returns or repairs) ($29 million), and cereals (wheat). 2019 saw $53 million in total agricultural exports from the US to Kenya.

Kenya imports by country

According to data on Kenyan imports for 2019, the country was ranked 81st globally. In 2019, Kenya imported products worth USD 17,220 million, a decrease of -19.4% from the prior year. Kenya imported goods worth USD 17,380 million in 2018, according to trade data for Kenya. With a population of 49.4 million, Kenya's imports in 2019 were the equivalent of almost USD 300 in yearly product demand from every resident of the nation. According to Kenyan customs statistics, the country imports a lot of iron and steel, automobiles, machinery, electrical equipment, grains, and plastics. It also imports mineral fuels and oils. According to shipping statistics, the major import partners of Kenya are China, India, the United States, South Africa, Saudi Arabia, the United Arab Emirates, and Japan. From which nations does Kenya import? In 2019, Kenya's top export and import trade partners were Uganda, the United States, the Netherlands, Pakistan, and the United Kingdom. China, India, the Uni

Kenya HS codes for Import and Export - Kenya Trade Data Solution

HS codes are known as harmonized system codes used for the export procedure of goods. It is a standardized numerical process of organizing traded products. The customs officers use these systems globally to recognize products when evaluating duties and surcharges and for statistics. World customs organizations administrate hs every five years WCO acts as the basis for the import and export category systems utilized in the United States and by numerous trading associates. Harmonized systems allocate exact six-digit codes for altering categories and items. Countries can add long codes to the first six digits for the additional classification for all countries. The US uses a 10-digit code to categorize products for export, known as a  Schedule B number,  with the first six digits being the HS number. Schedule B number is available for every material outcome, from writing clips to aircraft. U.S. Census Bureau’s Foreign Trade Division administers Schedule B. How to use HS code We will n

Kenya HS code for Import and Export - Kenya Trade Data Solution

HS codes are known as harmonized system codes used for the export procedure of goods. It is a standardized numerical process of organizing traded products. The customs officers use these systems globally to recognize products when evaluating duties and surcharges and for statistics.  World customs organizations administrate hs every five years WCO acts as the basis for the import and export category systems utilized in the United States and by numerous trading associates.    Harmonized systems allocate exact six-digit codes for altering categories and items. Countries can add long codes to the first six digits for the additional classification for all countries.   The US uses a 10-digit code to categorize products for export, known as a Schedule B number, with the first six digits being the HS number. Schedule B number is available for every material outcome, from writing clips to aircraft. U.S. Census Bureau’s Foreign Trade Division administers Schedule B.   How to use HS code We wil