About HS Code 150920
This HS code specifically covers extra virgin olive oil (EVOO) and its fractions, which are unrefined and not chemically modified. EVOO is the highest quality olive oil, obtained solely from olives by mechanical or other physical means under conditions that do not alter the oil, and it has superior organoleptic characteristics and a free acidity, expressed as oleic acid, of no more than 0.8 grams per 100 grams. It is highly prized for its distinct flavor, aroma, and health benefits, making it a premium product in the culinary world. Major importers are countries with strong culinary traditions and high disposable incomes, such as the USA, Germany, France, and Japan. Exporters are predominantly Mediterranean countries, including Spain, Italy, Greece, and Portugal, which are the primary olive oil producers. Trade in EVOO is heavily influenced by harvest quality, regional production volumes, and stringent quality certifications to prevent fraud and ensure authenticity. Consumer demand for healthy, gourmet food products drives this market.
Products Under This Code
Extra virgin olive oil, Cold-pressed extra virgin olive oil, Organic extra virgin olive oil, Single-origin extra virgin olive oil, First-press extra virgin olive oil
Real World Examples
Filippo Berio Extra Virgin Olive Oil, Bertolli Extra Virgin Olive Oil, Pompeian Extra Virgin Olive Oil, Colavita Extra Virgin Olive Oil, California Olive Ranch Extra Virgin Olive Oil
Common Misclassification
This code is frequently confused with 150930 (virgin olive oil) and 150940 (other virgin olive oils), as the distinctions are based on acidity levels and sensory characteristics, making it crucial to verify quality certificates.
Products Classified Under 1509.20
Industry
This code belongs to the Food & Beverages industry.
Trade Overview
Top importers include the USA and Germany, while major exporters are Spain, Italy, and Greece.
Frequently Asked Questions
What is HS code 150920?
HS code 150920 covers: Vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified. This HS code specifically covers extra virgin olive oil (EVOO) and its fractions, which are unrefined and not chemically modified. EVOO is the highest quality olive oil, obtained solely from olives by mechanical or other physical means under conditions that do not alter the oil, and it has superior organoleptic characteristics and a free acidity, expressed as oleic acid, of no more than 0.8 grams per 100 grams. It is highly prized for its distinct flavor, aroma, and health benefits, making it a premium product in the culinary world. Major importers are countries with strong culinary traditions and high disposable incomes, such as the USA, Germany, France, and Japan. Exporters are predominantly Mediterranean countries, including Spain, Italy, Greece, and Portugal, which are the primary olive oil producers. Trade in EVOO is heavily influenced by harvest quality, regional production volumes, and stringent quality certifications to prevent fraud and ensure authenticity. Consumer demand for healthy, gourmet food products drives this market.
What products fall under HS code 150920?
Extra virgin olive oil, Cold-pressed extra virgin olive oil, Organic extra virgin olive oil, Single-origin extra virgin olive oil, First-press extra virgin olive oil
What are common misclassifications for HS code 150920?
This code is frequently confused with 150930 (virgin olive oil) and 150940 (other virgin olive oils), as the distinctions are based on acidity levels and sensory characteristics, making it crucial to verify quality certificates.
How is HS code 150920 structured?
HS code 150920 is a 6-digit subheading under the Harmonized System. The first 2 digits (15) identify the chapter, digits 3-4 (09) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.