About HS Code 271012
This HS code encompasses light petroleum oils and preparations, not containing biodiesel, not crude, and not waste oils, which contain 70% or more by weight of petroleum oils or oils from bituminous minerals. This category primarily includes motor gasoline, aviation gasoline, and jet fuel (kerosene type), along with naphtha. These refined products are essential for transportation, aviation, and as feedstocks for the petrochemical industry. Their trade is characterized by high volumes, global logistics networks, and price volatility influenced by crude oil prices, refining capacity, and seasonal demand. Importers are typically countries with insufficient refining capacity or high domestic consumption, while exporters are major refining hubs.
Products Under This Code
Motor gasoline, aviation gasoline, jet fuel (kerosene type), naphtha, petroleum spirit, light distillate fuels, reformate
Real World Examples
Shell V-Power, ExxonMobil Synergy Supreme+, BP Ultimate, TotalEnergies Excellium
Common Misclassification
This code can be confused with other refined petroleum products (2710.19 for heavier oils) or even crude oil (2709.00) if the 'not crude' and 'light oils' distinctions are missed during classification.
Products Classified Under 2710.12
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
The United States, China, and India are major consumers, while refining hubs in Europe, the Middle East, and Asia are key exporters of these light petroleum products.
Frequently Asked Questions
What is HS code 271012?
HS code 271012 covers: Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; light oils and preparations. This HS code encompasses light petroleum oils and preparations, not containing biodiesel, not crude, and not waste oils, which contain 70% or more by weight of petroleum oils or oils from bituminous minerals. This category primarily includes motor gasoline, aviation gasoline, and jet fuel (kerosene type), along with naphtha. These refined products are essential for transportation, aviation, and as feedstocks for the petrochemical industry. Their trade is characterized by high volumes, global logistics networks, and price volatility influenced by crude oil prices, refining capacity, and seasonal demand. Importers are typically countries with insufficient refining capacity or high domestic consumption, while exporters are major refining hubs.
What products fall under HS code 271012?
Motor gasoline, aviation gasoline, jet fuel (kerosene type), naphtha, petroleum spirit, light distillate fuels, reformate
What are common misclassifications for HS code 271012?
This code can be confused with other refined petroleum products (2710.19 for heavier oils) or even crude oil (2709.00) if the 'not crude' and 'light oils' distinctions are missed during classification.
How is HS code 271012 structured?
HS code 271012 is a 6-digit subheading under the Harmonized System. The first 2 digits (27) identify the chapter, digits 3-4 (10) identify the heading, and digits 5-6 (12) specify the subheading. This code is standardized globally by the World Customs Organization.