About HS Code 271114
This specialized category covers liquefied light olefins: ethylene, propylene, butylenes, and butadiene. These are fundamental building blocks for the petrochemical industry, serving as essential feedstocks for the production of plastics, synthetic rubbers, and a vast array of organic chemicals. International trade in these products is highly specialized, requiring dedicated infrastructure for cryogenic storage and transport, often involving specialized ships and terminals. Major exporters are countries with large petrochemical complexes and cracking facilities, while importers are nations with robust downstream chemical industries. The trade is driven by global demand for polymers and synthetic materials, with prices influenced by crude oil and natural gas prices, as well as the intricate supply-demand balance in the global petrochemical sector.
Products Under This Code
Liquefied ethylene, liquefied propylene, liquefied butylene (1-butene, 2-butene, isobutylene), liquefied butadiene, polymer-grade ethylene, chemical-grade propylene, raffinate-1.
Real World Examples
Dow Chemical, BASF, LyondellBasell, SABIC, INEOS, ExxonMobil Chemical, LG Chem.
Common Misclassification
This code is distinct from other liquefied petroleum gases like propane (271112) or butanes (271113) because it specifically covers olefins, which are reactive monomers for chemical synthesis, not primarily fuels. It might be confused with other chemical feedstocks in Chapter 29 if not clearly identified as petroleum gases.
Products Classified Under 2711.14
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
The USA, Saudi Arabia, and South Korea are major exporters, while China, Germany, and other industrialized nations are significant importers for their petrochemical industries.
Frequently Asked Questions
What is HS code 271114?
HS code 271114 covers: Petroleum gases and other gaseous hydrocarbons; liquefied, ethylene, propylene, butylene and butadiene. This specialized category covers liquefied light olefins: ethylene, propylene, butylenes, and butadiene. These are fundamental building blocks for the petrochemical industry, serving as essential feedstocks for the production of plastics, synthetic rubbers, and a vast array of organic chemicals. International trade in these products is highly specialized, requiring dedicated infrastructure for cryogenic storage and transport, often involving specialized ships and terminals. Major exporters are countries with large petrochemical complexes and cracking facilities, while importers are nations with robust downstream chemical industries. The trade is driven by global demand for polymers and synthetic materials, with prices influenced by crude oil and natural gas prices, as well as the intricate supply-demand balance in the global petrochemical sector.
What products fall under HS code 271114?
Liquefied ethylene, liquefied propylene, liquefied butylene (1-butene, 2-butene, isobutylene), liquefied butadiene, polymer-grade ethylene, chemical-grade propylene, raffinate-1.
What are common misclassifications for HS code 271114?
This code is distinct from other liquefied petroleum gases like propane (271112) or butanes (271113) because it specifically covers olefins, which are reactive monomers for chemical synthesis, not primarily fuels. It might be confused with other chemical feedstocks in Chapter 29 if not clearly identified as petroleum gases.
How is HS code 271114 structured?
HS code 271114 is a 6-digit subheading under the Harmonized System. The first 2 digits (27) identify the chapter, digits 3-4 (11) identify the heading, and digits 5-6 (14) specify the subheading. This code is standardized globally by the World Customs Organization.