About HS Code 080262
Macadamia nuts are a high-value commodity in the global nut trade, prized for their rich, buttery flavor and nutritional benefits. Major exporters include Australia, South Africa, and Kenya, where the climate is ideal for cultivation. Key importers are typically developed economies like the United States, Japan, and European Union countries, driven by consumer demand for healthy snacks, confectionery ingredients, and gourmet food products. The trade involves both bulk shipments to processors and packaged retail products. Quality control, particularly regarding moisture content and absence of defects, is crucial for maintaining market value. Sustainability practices in cultivation are also becoming increasingly important for ethical sourcing. The market sees fluctuations based on harvest yields, global demand, and currency exchange rates, making it a dynamic sector for agricultural traders.
Products Under This Code
Shelled raw macadamia nuts, roasted macadamia nuts, salted macadamia nuts, macadamia nut pieces, macadamia nut butter, chocolate-covered macadamia nuts, macadamia oil
Real World Examples
Mauna Loa Macadamias, Hamakua Macadamia Nut Company, Suncoast Gold Macadamias, MacFarms, Royal Hawaiian Macadamia Nut
Common Misclassification
This code specifically covers shelled macadamia nuts. Unshelled macadamia nuts would fall under 080261, while other processed forms like flours or pastes might be classified elsewhere, such as 2008.
Products Classified Under 0802.62
Industry
This code belongs to the Agriculture & Live Animals industry.
Trade Overview
Top exporters include Australia and South Africa, while major importers are the United States, Japan, and Germany.
Frequently Asked Questions
What is HS code 080262?
HS code 080262 covers: Nuts, edible; macadamia, fresh or dried, shelled. Macadamia nuts are a high-value commodity in the global nut trade, prized for their rich, buttery flavor and nutritional benefits. Major exporters include Australia, South Africa, and Kenya, where the climate is ideal for cultivation. Key importers are typically developed economies like the United States, Japan, and European Union countries, driven by consumer demand for healthy snacks, confectionery ingredients, and gourmet food products. The trade involves both bulk shipments to processors and packaged retail products. Quality control, particularly regarding moisture content and absence of defects, is crucial for maintaining market value. Sustainability practices in cultivation are also becoming increasingly important for ethical sourcing. The market sees fluctuations based on harvest yields, global demand, and currency exchange rates, making it a dynamic sector for agricultural traders.
What products fall under HS code 080262?
Shelled raw macadamia nuts, roasted macadamia nuts, salted macadamia nuts, macadamia nut pieces, macadamia nut butter, chocolate-covered macadamia nuts, macadamia oil
What are common misclassifications for HS code 080262?
This code specifically covers shelled macadamia nuts. Unshelled macadamia nuts would fall under 080261, while other processed forms like flours or pastes might be classified elsewhere, such as 2008.
How is HS code 080262 structured?
HS code 080262 is a 6-digit subheading under the Harmonized System. The first 2 digits (08) identify the chapter, digits 3-4 (02) identify the heading, and digits 5-6 (62) specify the subheading. This code is standardized globally by the World Customs Organization.