About HS Code 870323
This HS code covers passenger vehicles powered exclusively by a spark-ignition (gasoline) internal combustion engine, with a cylinder capacity ranging from over 1500cc up to 3000cc. This segment represents a very broad and popular category, encompassing many mid-size sedans, compact SUVs, and family vehicles that offer a good balance of power, space, and fuel efficiency for a wide range of consumers. Major importers include developed and rapidly developing economies where consumers seek more powerful and spacious vehicles. Exporters are global automotive giants with extensive manufacturing capabilities. Trade in these vehicles is influenced by consumer trends, safety features, luxury options, and regional fuel prices. This category is a cornerstone of the global automotive market, catering to diverse consumer needs and preferences.
Products Under This Code
Mid-size sedan, Compact SUV, Crossover SUV, Family hatchback, Sports coupe (mid-range), Minivan (compact), Entry-level luxury sedan
Real World Examples
Toyota Camry (2.5L), Honda CR-V (2.4L), Volkswagen Tiguan (2.0L), Mazda CX-5 (2.5L), BMW 3 Series (2.0L), Mercedes-Benz C-Class (2.0L)
Common Misclassification
This code is defined by its engine displacement range of over 1500cc but not over 3000cc, distinguishing it from both smaller (870321, 870322) and larger (870324) spark-ignition engines.
Products Classified Under 8703.23
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
Germany, Japan, USA, and South Korea are major exporters, with North America, Europe, and parts of Asia being significant importers.
Frequently Asked Questions
What is HS code 870323?
HS code 870323 covers: Vehicles; with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc. This HS code covers passenger vehicles powered exclusively by a spark-ignition (gasoline) internal combustion engine, with a cylinder capacity ranging from over 1500cc up to 3000cc. This segment represents a very broad and popular category, encompassing many mid-size sedans, compact SUVs, and family vehicles that offer a good balance of power, space, and fuel efficiency for a wide range of consumers. Major importers include developed and rapidly developing economies where consumers seek more powerful and spacious vehicles. Exporters are global automotive giants with extensive manufacturing capabilities. Trade in these vehicles is influenced by consumer trends, safety features, luxury options, and regional fuel prices. This category is a cornerstone of the global automotive market, catering to diverse consumer needs and preferences.
What products fall under HS code 870323?
Mid-size sedan, Compact SUV, Crossover SUV, Family hatchback, Sports coupe (mid-range), Minivan (compact), Entry-level luxury sedan
What are common misclassifications for HS code 870323?
This code is defined by its engine displacement range of over 1500cc but not over 3000cc, distinguishing it from both smaller (870321, 870322) and larger (870324) spark-ignition engines.
How is HS code 870323 structured?
HS code 870323 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 (23) specify the subheading. This code is standardized globally by the World Customs Organization.