About HS Code 290124
This HS code specifically covers buta-1,3-diene (commonly known as butadiene) and isoprene, two crucial dienes with two double bonds. These compounds are indispensable raw materials for the synthetic rubber industry, primarily used in the production of styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), and polyisoprene rubber, which are vital for tires, footwear, and various industrial applications. International trade is dominated by large chemical and rubber manufacturers. Major exporters include countries with significant petrochemical cracking facilities or on-purpose production plants, such as the United States, South Korea, and Germany. Key importers are nations with large automotive and manufacturing sectors, like China, India, and Japan. These dienes are transported as liquefied gases, requiring specialized handling due to their reactivity. Their market prices are highly sensitive to crude oil and naphtha prices, as well as global automotive production trends.
Products Under This Code
Butadiene, Isoprene, Buta-1,3-diene, Polymerization-grade butadiene, Isoprene monomer, Crude butadiene
Real World Examples
BASF (producer of butadiene), LyondellBasell (producer of butadiene), Shell (producer of isoprene), Goodyear (consumer), Michelin (consumer)
Common Misclassification
Often confused with other C4 unsaturated hydrocarbons like 290123 (butene) or even 290129 (other acyclic unsaturated hydrocarbons) if the "diene" aspect is not recognized. The presence of two double bonds is the defining characteristic.
Products Classified Under 2901.24
Industry
This code belongs to the Chemicals industry.
Trade Overview
The United States, South Korea, and Germany are major exporters, while China, India, and Japan are significant importers.
Frequently Asked Questions
What is HS code 290124?
HS code 290124 covers: Acyclic hydrocarbons; unsaturated, buta-1,3-diene and isoprene. This HS code specifically covers buta-1,3-diene (commonly known as butadiene) and isoprene, two crucial dienes with two double bonds. These compounds are indispensable raw materials for the synthetic rubber industry, primarily used in the production of styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), and polyisoprene rubber, which are vital for tires, footwear, and various industrial applications. International trade is dominated by large chemical and rubber manufacturers. Major exporters include countries with significant petrochemical cracking facilities or on-purpose production plants, such as the United States, South Korea, and Germany. Key importers are nations with large automotive and manufacturing sectors, like China, India, and Japan. These dienes are transported as liquefied gases, requiring specialized handling due to their reactivity. Their market prices are highly sensitive to crude oil and naphtha prices, as well as global automotive production trends.
What products fall under HS code 290124?
Butadiene, Isoprene, Buta-1,3-diene, Polymerization-grade butadiene, Isoprene monomer, Crude butadiene
What are common misclassifications for HS code 290124?
Often confused with other C4 unsaturated hydrocarbons like 290123 (butene) or even 290129 (other acyclic unsaturated hydrocarbons) if the "diene" aspect is not recognized. The presence of two double bonds is the defining characteristic.
How is HS code 290124 structured?
HS code 290124 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 (24) specify the subheading. This code is standardized globally by the World Customs Organization.