About HS Code 293623
This HS code pertains to unmixed Vitamin B2 (Riboflavin) and its derivatives, a water-soluble vitamin essential for energy production and cellular function. These compounds are actively traded internationally as bulk ingredients for the pharmaceutical, nutraceutical, and food industries. Importers include manufacturers of dietary supplements, food processors fortifying products like dairy, cereals, and infant formulas, and some pharmaceutical companies for specific medical applications. Exporters are typically large-scale chemical and vitamin producers. The trade is influenced by global health initiatives to combat nutritional deficiencies, the growing demand for functional foods, and the expanding dietary supplement market. Critical aspects of trade involve maintaining product stability, ensuring high purity, and complying with stringent food and pharmaceutical regulatory standards across different countries.
Products Under This Code
Riboflavin, Riboflavin-5'-phosphate sodium, Riboflavin tetrabutyrate, Flavin mononucleotide (FMN)
Real World Examples
DSM, BASF, Zhejiang Medicine Co., Ltd., Brother Enterprises, Hubei Guangji Pharmaceutical
Common Misclassification
This code might be confused with other unmixed B vitamins (e.g., 293622 for B1) or with vitamin preparations containing multiple B vitamins under 293690.
Products Classified Under 2936.23
Industry
This code belongs to the Chemicals industry.
Trade Overview
China is a leading exporter, with significant imports by the United States, Germany, Japan, and India for their food and pharmaceutical sectors.
Frequently Asked Questions
What is HS code 293623?
HS code 293623 covers: Vitamins; vitamin B2 and its derivatives, unmixed. This HS code pertains to unmixed Vitamin B2 (Riboflavin) and its derivatives, a water-soluble vitamin essential for energy production and cellular function. These compounds are actively traded internationally as bulk ingredients for the pharmaceutical, nutraceutical, and food industries. Importers include manufacturers of dietary supplements, food processors fortifying products like dairy, cereals, and infant formulas, and some pharmaceutical companies for specific medical applications. Exporters are typically large-scale chemical and vitamin producers. The trade is influenced by global health initiatives to combat nutritional deficiencies, the growing demand for functional foods, and the expanding dietary supplement market. Critical aspects of trade involve maintaining product stability, ensuring high purity, and complying with stringent food and pharmaceutical regulatory standards across different countries.
What products fall under HS code 293623?
Riboflavin, Riboflavin-5'-phosphate sodium, Riboflavin tetrabutyrate, Flavin mononucleotide (FMN)
What are common misclassifications for HS code 293623?
This code might be confused with other unmixed B vitamins (e.g., 293622 for B1) or with vitamin preparations containing multiple B vitamins under 293690.
How is HS code 293623 structured?
HS code 293623 is a 6-digit subheading under the Harmonized System. The first 2 digits (29) identify the chapter, digits 3-4 (36) identify the heading, and digits 5-6 (23) specify the subheading. This code is standardized globally by the World Customs Organization.