About HS Code 290122
Propene, commonly known as propylene, is another critical building block in the petrochemical industry, second only to ethylene in importance. It is a key raw material for producing polypropylene, a widely used plastic, as well as other chemicals like propylene oxide, cumene, and acrylonitrile. International trade in propylene is driven by the global demand for plastics, automotive components, and various industrial chemicals. Major exporters often include countries with large refining capacities or those with dedicated propane dehydrogenation (PDH) plants, such as the United States, Saudi Arabia, and South Korea. Key importers are industrial powerhouses like China, Germany, and other European nations with robust manufacturing sectors. Propylene is typically transported as a liquefied gas under pressure or refrigeration. Its market dynamics are closely tied to crude oil prices, naphtha cracking economics, and the growth of the polypropylene market.
Products Under This Code
Propylene gas, Polymerization-grade propylene, Chemical-grade propylene, Propylene for polypropylene, Propylene for propylene oxide, Propylene for cumene
Real World Examples
BASF (producer), LyondellBasell (producer), Sinopec (producer), Reliance Industries (producer), Braskem (producer)
Common Misclassification
Often confused with 290121 (ethylene) or 290123 (butene) due to their similar roles as olefinic feedstocks. The specific chemical name "propene" or "propylene" is the distinguishing factor.
Products Classified Under 2901.22
Industry
This code belongs to the Chemicals industry.
Trade Overview
The United States, Saudi Arabia, and South Korea are major exporters, while China, Germany, and Belgium are significant importers.
Frequently Asked Questions
What is HS code 290122?
HS code 290122 covers: Acyclic hydrocarbons; unsaturated, propene (propylene). Propene, commonly known as propylene, is another critical building block in the petrochemical industry, second only to ethylene in importance. It is a key raw material for producing polypropylene, a widely used plastic, as well as other chemicals like propylene oxide, cumene, and acrylonitrile. International trade in propylene is driven by the global demand for plastics, automotive components, and various industrial chemicals. Major exporters often include countries with large refining capacities or those with dedicated propane dehydrogenation (PDH) plants, such as the United States, Saudi Arabia, and South Korea. Key importers are industrial powerhouses like China, Germany, and other European nations with robust manufacturing sectors. Propylene is typically transported as a liquefied gas under pressure or refrigeration. Its market dynamics are closely tied to crude oil prices, naphtha cracking economics, and the growth of the polypropylene market.
What products fall under HS code 290122?
Propylene gas, Polymerization-grade propylene, Chemical-grade propylene, Propylene for polypropylene, Propylene for propylene oxide, Propylene for cumene
What are common misclassifications for HS code 290122?
Often confused with 290121 (ethylene) or 290123 (butene) due to their similar roles as olefinic feedstocks. The specific chemical name "propene" or "propylene" is the distinguishing factor.
How is HS code 290122 structured?
HS code 290122 is a 6-digit subheading under the Harmonized System. The first 2 digits (29) identify the chapter, digits 3-4 (01) identify the heading, and digits 5-6 (22) specify the subheading. This code is standardized globally by the World Customs Organization.