About HS Code 271220
This code covers highly refined paraffin wax, characterized by its low oil content (less than 0.75% by weight). This type of wax is a crucial commodity in international trade, valued for its purity and stability. Major importers include countries with robust manufacturing sectors in candles, food packaging, cosmetics, and pharmaceuticals, as the low oil content makes it suitable for applications requiring high quality and minimal impurities. Exporters are typically petroleum-producing nations or countries with advanced refining capabilities. Key things to know include its widespread use as a base material for various industrial applications, from creating protective coatings for fruits and cheeses to serving as a primary ingredient in high-quality candles and medical products. Its trade is influenced by crude oil prices, global demand from consumer goods industries, and regulatory standards for food contact materials. The market for low-oil paraffin wax is competitive, with buyers often seeking specific melting points and penetration values.
Products Under This Code
Food-grade paraffin wax, Cosmetic-grade paraffin wax, Pharmaceutical-grade paraffin wax, Candle wax (low oil), Wax coatings for cheese, Fruit coating wax, Hot melt adhesives (wax component), Dental wax
Real World Examples
Sasolwax 6403, ExxonMobil Paraffin Wax 125/130, Shell Paraffin Wax 130, Koster Keunen 128 Paraffin Wax
Common Misclassification
This code is often confused with 271290 (paraffin wax with 0.75% or more oil) due to the subtle difference in oil content, which significantly impacts its application and value. It might also be confused with other waxes like microcrystalline wax (271210) if the distinction in chemical structure isn't clear.
Products Classified Under 2712.20
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
Top importers include the USA, Germany, and China, while major exporters are often Saudi Arabia, China, and the USA.
Frequently Asked Questions
What is HS code 271220?
HS code 271220 covers: Paraffin wax; containing by weight less than 0.75% of oil, obtained by synthesis or by other processes, whether or not coloured. This code covers highly refined paraffin wax, characterized by its low oil content (less than 0.75% by weight). This type of wax is a crucial commodity in international trade, valued for its purity and stability. Major importers include countries with robust manufacturing sectors in candles, food packaging, cosmetics, and pharmaceuticals, as the low oil content makes it suitable for applications requiring high quality and minimal impurities. Exporters are typically petroleum-producing nations or countries with advanced refining capabilities. Key things to know include its widespread use as a base material for various industrial applications, from creating protective coatings for fruits and cheeses to serving as a primary ingredient in high-quality candles and medical products. Its trade is influenced by crude oil prices, global demand from consumer goods industries, and regulatory standards for food contact materials. The market for low-oil paraffin wax is competitive, with buyers often seeking specific melting points and penetration values.
What products fall under HS code 271220?
Food-grade paraffin wax, Cosmetic-grade paraffin wax, Pharmaceutical-grade paraffin wax, Candle wax (low oil), Wax coatings for cheese, Fruit coating wax, Hot melt adhesives (wax component), Dental wax
What are common misclassifications for HS code 271220?
This code is often confused with 271290 (paraffin wax with 0.75% or more oil) due to the subtle difference in oil content, which significantly impacts its application and value. It might also be confused with other waxes like microcrystalline wax (271210) if the distinction in chemical structure isn't clear.
How is HS code 271220 structured?
HS code 271220 is a 6-digit subheading under the Harmonized System. The first 2 digits (27) identify the chapter, digits 3-4 (12) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.