wpc decking plastic hs code

wpc decking plastic hs code

Explore wpc decking plastic hs code: classification and circulation in international trade

Text:

As a new type of environmentally friendly decorative material, wpc decking plastic has been widely used in my country in recent years. As a flooring product with high cost performance, wpc decking plastic occupies a certain market share in international trade. This article will focus on the wpc decking plastic hs code, and introduce its classification, circulation and related knowledge in international trade in detail.

1. Overview of wpc decking plastic

Wpc decking plastic refers to a new type of composite material that is based on thermoplastic plastics such as polyethylene and polypropylene, and natural fillers such as wood powder, rice husks, and stone powder are added, and formed by extrusion and compression. Wpc decking plastic has the texture and beauty of wood, and at the same time has the advantages of plastic such as waterproof, moisture-proof, and anti-aging. It is widely used in indoor and outdoor decoration, flooring, guardrails and other fields.

2. wpc decking plastic hs code

HS code (Harmonized System) refers to the internationally unified commodity classification and coding system, which is used for commodity classification and statistics in international trade. As a new type of material, the HS code of wpc decking plastic has been adjusted in the 2017 edition of the “Tariff of the People’s Republic of China”.

According to the “Tariff of the People’s Republic of China”, the HS code of wpc decking plastic is 3918.9090. The specific classification is as follows:

Chapter 39: Plastics and their products

Section 3918: Other plastic semi-finished products and products

3918.90: Other plastic semi-finished products and products

3918.9090: Plastic wood composite flooring

III. The circulation of wpc decking plastic in international trade

Export market

The main export markets of wpc decking plastic in my country are the United States, Europe, Japan, South Korea and other countries and regions. In recent years, with the rapid development of my country’s wpc decking plastic industry, product quality has been continuously improved, and more and more products have entered the international market. According to my country’s customs statistics, my country’s wpc decking plastic exports reached about 150 million US dollars in 2019.

Import market

The main import markets of wpc decking plastic in my country are Southeast Asia, South America and other countries and regions. Imported wpc decking plastic is mainly high-quality and high-performance products, meeting the domestic market’s demand for high-end products.

International trade policy

Wpc decking plastic is a statutory inspection and quarantine commodity in the “Tariff of the People’s Republic of China”. When exporting wpc decking plastic, exporters must go through inspection and quarantine procedures in accordance with relevant laws and regulations of my country. In addition, my country’s export tax rebate rate for wpc decking plastic is also relatively high, which is conducive to reducing corporate costs.

IV. Current status and development trend of wpc decking plastic industry

Industry status

After nearly 20 years of development, my country’s wpc decking plastic industry has formed a relatively complete industrial chain. At present, my country’s wpc decking plastic production ranks first in the world, accounting for about 70% of the global market share. However, my country’s wpc decking plastic industry still has certain shortcomings, such as serious product homogeneity and insufficient brand influence.

Development trend

(1) Product innovation: In the future, wpc decking plastic companies should increase their research and development efforts to develop new products with higher performance and better environmental performance to meet market demand.

(2) Brand building: Enterprises should focus on brand building, increase product added value, and enhance international competitiveness.

(3) Market expansion: Enterprises should further expand international markets, especially developing countries, and increase my country’s wpc decking plastic’s share in the global market.

In short, as a new type of environmentally friendly decorative material, wpc decking plastic has broad market prospects in international trade. Understanding the HS code of wpc decking plastic will help us better grasp its classification, circulation and related policies in international trade, and provide a useful reference for the development of my country’s wpc decking plastic industry.