About HS Code 271320
This HS code covers petroleum bitumen, a viscous, black, sticky, and highly complex mixture of hydrocarbons obtained as a residue from the distillation of crude oil (bituminous minerals). It is a globally traded commodity, primarily used in the construction industry. Major importers are countries undertaking extensive infrastructure projects, particularly road construction and maintenance, as bitumen is the primary binder in asphalt concrete. Exporters are typically major oil-refining nations with significant crude oil processing capacities. Key aspects of its trade include its penetration grade, softening point, and viscosity, which determine its suitability for different climatic conditions and road specifications. The market is heavily influenced by global infrastructure spending, crude oil prices, and seasonal demand for construction materials. Environmental regulations regarding its production and use also play a role.
Products Under This Code
Road bitumen, Asphalt binder, Paving bitumen, Oxidized bitumen, Polymer modified bitumen, Cutback bitumen, Emulsified bitumen, Roofing bitumen
Real World Examples
Shell Bitumen, ExxonMobil Bitumen, TotalEnergies Bitumen, Valero Bitumen
Common Misclassification
This code is often confused with 271490 (natural bitumen and asphalt) because both are used in similar applications, but 271320 is a petroleum refinery product, whereas 271490 is naturally occurring. It might also be confused with coal tar pitch (2708) due to similar appearance and some overlapping uses.
Products Classified Under 2713.20
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
China, India, and the USA are top importers, while Singapore, South Korea, and the Netherlands are major exporters.
Frequently Asked Questions
What is HS code 271320?
HS code 271320 covers: Petroleum bitumen; obtained from bituminous minerals. This HS code covers petroleum bitumen, a viscous, black, sticky, and highly complex mixture of hydrocarbons obtained as a residue from the distillation of crude oil (bituminous minerals). It is a globally traded commodity, primarily used in the construction industry. Major importers are countries undertaking extensive infrastructure projects, particularly road construction and maintenance, as bitumen is the primary binder in asphalt concrete. Exporters are typically major oil-refining nations with significant crude oil processing capacities. Key aspects of its trade include its penetration grade, softening point, and viscosity, which determine its suitability for different climatic conditions and road specifications. The market is heavily influenced by global infrastructure spending, crude oil prices, and seasonal demand for construction materials. Environmental regulations regarding its production and use also play a role.
What products fall under HS code 271320?
Road bitumen, Asphalt binder, Paving bitumen, Oxidized bitumen, Polymer modified bitumen, Cutback bitumen, Emulsified bitumen, Roofing bitumen
What are common misclassifications for HS code 271320?
This code is often confused with 271490 (natural bitumen and asphalt) because both are used in similar applications, but 271320 is a petroleum refinery product, whereas 271490 is naturally occurring. It might also be confused with coal tar pitch (2708) due to similar appearance and some overlapping uses.
How is HS code 271320 structured?
HS code 271320 is a 6-digit subheading under the Harmonized System. The first 2 digits (27) identify the chapter, digits 3-4 (13) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.