About HS Code 160418
This HS code specifically covers shark fins that have been prepared or preserved, whether whole or in pieces, excluding minced forms. The trade in shark fins is highly specialized and often controversial due to conservation concerns and ethical debates surrounding shark fishing practices. Major importing regions are predominantly in Asia, particularly Hong Kong, China, and Singapore, where shark fin soup is considered a traditional delicacy and a symbol of status. Exporters typically include countries with significant shark fisheries, though international regulations and CITES listings increasingly restrict this trade. Key aspects of this market include the high value of the product, the complex supply chains, and the ongoing efforts by conservation groups to reduce demand and enforce stricter trade controls. Traders must navigate a complex landscape of national and international laws, as well as public opinion, which heavily influences market dynamics.
Products Under This Code
Dried shark fins, frozen shark fins (processed), canned shark fin soup ingredients, prepared shark fin strips, cooked shark fin, preserved shark fin cartilage
Real World Examples
Dried Shark Fin (various unbranded), Frozen Shark Fin (various unbranded), Canned Shark Fin Soup (local Asian brands), Prepared Shark Fin Strips (specialty suppliers)
Common Misclassification
This code is distinct from fresh or chilled shark fins (0302.81) or frozen shark fins (0303.89), which are raw. It should also not be confused with other prepared fish products (1604.19) or minced fish (1604.20).
Products Classified Under 1604.18
Industry
This code belongs to the Food & Beverages industry.
Trade Overview
Hong Kong, China, and Singapore are primary importers, while various fishing nations face increasing restrictions on export.
Frequently Asked Questions
What is HS code 160418?
HS code 160418 covers: Fish preparations; shark fins, prepared or preserved, whole or in pieces (but not minced). This HS code specifically covers shark fins that have been prepared or preserved, whether whole or in pieces, excluding minced forms. The trade in shark fins is highly specialized and often controversial due to conservation concerns and ethical debates surrounding shark fishing practices. Major importing regions are predominantly in Asia, particularly Hong Kong, China, and Singapore, where shark fin soup is considered a traditional delicacy and a symbol of status. Exporters typically include countries with significant shark fisheries, though international regulations and CITES listings increasingly restrict this trade. Key aspects of this market include the high value of the product, the complex supply chains, and the ongoing efforts by conservation groups to reduce demand and enforce stricter trade controls. Traders must navigate a complex landscape of national and international laws, as well as public opinion, which heavily influences market dynamics.
What products fall under HS code 160418?
Dried shark fins, frozen shark fins (processed), canned shark fin soup ingredients, prepared shark fin strips, cooked shark fin, preserved shark fin cartilage
What are common misclassifications for HS code 160418?
This code is distinct from fresh or chilled shark fins (0302.81) or frozen shark fins (0303.89), which are raw. It should also not be confused with other prepared fish products (1604.19) or minced fish (1604.20).
How is HS code 160418 structured?
HS code 160418 is a 6-digit subheading under the Harmonized System. The first 2 digits (16) identify the chapter, digits 3-4 (04) identify the heading, and digits 5-6 (18) specify the subheading. This code is standardized globally by the World Customs Organization.