About HS Code 150940
This HS code serves as a residual category for virgin olive oils and their fractions that are not specifically classified as extra virgin (150920) or standard virgin olive oil (150930), but still meet the general definition of virgin olive oil – obtained solely by mechanical or physical means without chemical modification. These oils typically have higher acidity levels (e.g., up to 3.3 grams per 100 grams of oleic acid) or more pronounced sensory defects, making them less suitable for direct consumption as premium oils. They are often used as raw materials for refining into "olive oil" (a blend of refined and virgin oils) or for industrial applications. Major importers include countries with large refining capacities or those seeking more cost-effective olive oil inputs, such as Italy (for blending), Spain, and other European nations. Exporters are primarily olive-producing countries, particularly those with varying harvest qualities, like Spain, Greece, and Tunisia. Trade considerations include bulk quantities, acidity levels, and intended end-use.
Products Under This Code
Lampante virgin olive oil, Virgin olive oil for refining, Industrial virgin olive oil, Lower grade virgin olive oil, Virgin olive oil for blending
Real World Examples
Bulk Lampante Olive Oil (various suppliers), Olive oil for industrial use (e.g., soap making), Olive oil for blending into "Pure Olive Oil"
Common Misclassification
This code is easily confused with 150920 and 150930 due to the subtle differences in quality and acidity that define "virgin" categories. It's also distinct from 150990, which covers refined olive oils.
Products Classified Under 1509.40
Industry
This code belongs to the Food & Beverages industry.
Trade Overview
Top importers include Italy and Spain (for refining), while major exporters are Spain and Greece.
Frequently Asked Questions
What is HS code 150940?
HS code 150940 covers: Vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified. This HS code serves as a residual category for virgin olive oils and their fractions that are not specifically classified as extra virgin (150920) or standard virgin olive oil (150930), but still meet the general definition of virgin olive oil – obtained solely by mechanical or physical means without chemical modification. These oils typically have higher acidity levels (e.g., up to 3.3 grams per 100 grams of oleic acid) or more pronounced sensory defects, making them less suitable for direct consumption as premium oils. They are often used as raw materials for refining into "olive oil" (a blend of refined and virgin oils) or for industrial applications. Major importers include countries with large refining capacities or those seeking more cost-effective olive oil inputs, such as Italy (for blending), Spain, and other European nations. Exporters are primarily olive-producing countries, particularly those with varying harvest qualities, like Spain, Greece, and Tunisia. Trade considerations include bulk quantities, acidity levels, and intended end-use.
What products fall under HS code 150940?
Lampante virgin olive oil, Virgin olive oil for refining, Industrial virgin olive oil, Lower grade virgin olive oil, Virgin olive oil for blending
What are common misclassifications for HS code 150940?
This code is easily confused with 150920 and 150930 due to the subtle differences in quality and acidity that define "virgin" categories. It's also distinct from 150990, which covers refined olive oils.
How is HS code 150940 structured?
HS code 150940 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 (40) specify the subheading. This code is standardized globally by the World Customs Organization.