About HS Code 870321
This HS code covers passenger vehicles equipped solely with a spark-ignition (gasoline) internal combustion engine, specifically those with a cylinder capacity not exceeding 1000 cubic centimeters. These are typically compact, fuel-efficient cars, often favored in urban environments or as entry-level vehicles. Major importers include developing countries and emerging markets where affordability, fuel economy, and smaller vehicle sizes are highly valued due to congested roads and lower purchasing power. Exporters are global automotive manufacturers, particularly those with strong small-car production lines. Key trade considerations involve emissions standards, safety regulations, and import duties, which can significantly impact market accessibility. The demand for these vehicles is often driven by economic factors and urban planning, making them a staple in many global automotive markets.
Products Under This Code
Mini hatchback, Subcompact sedan, City car, Microcar, Small SUV (under 1000cc), Entry-level compact car, Kei car
Real World Examples
Suzuki Alto, Renault Kwid, Hyundai i10 (1.0L), Kia Picanto (1.0L), Toyota Aygo (1.0L), Dacia Sandero (1.0L)
Common Misclassification
This code is differentiated from other spark-ignition vehicles (870322, 870323, 870324) solely by its engine cylinder capacity being 1000cc or less.
Products Classified Under 8703.21
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
India, Brazil, and Southeast Asian nations are significant importers, while Japan, South Korea, and European manufacturers are major exporters.
Frequently Asked Questions
What is HS code 870321?
HS code 870321 covers: Vehicles; with only spark-ignition internal combustion piston engine, cylinder capacity not over 1000cc. This HS code covers passenger vehicles equipped solely with a spark-ignition (gasoline) internal combustion engine, specifically those with a cylinder capacity not exceeding 1000 cubic centimeters. These are typically compact, fuel-efficient cars, often favored in urban environments or as entry-level vehicles. Major importers include developing countries and emerging markets where affordability, fuel economy, and smaller vehicle sizes are highly valued due to congested roads and lower purchasing power. Exporters are global automotive manufacturers, particularly those with strong small-car production lines. Key trade considerations involve emissions standards, safety regulations, and import duties, which can significantly impact market accessibility. The demand for these vehicles is often driven by economic factors and urban planning, making them a staple in many global automotive markets.
What products fall under HS code 870321?
Mini hatchback, Subcompact sedan, City car, Microcar, Small SUV (under 1000cc), Entry-level compact car, Kei car
What are common misclassifications for HS code 870321?
This code is differentiated from other spark-ignition vehicles (870322, 870323, 870324) solely by its engine cylinder capacity being 1000cc or less.
How is HS code 870321 structured?
HS code 870321 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (03) identify the heading, and digits 5-6 (21) specify the subheading. This code is standardized globally by the World Customs Organization.