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As global trade continues to evolve, understanding the intricacies of product classification becomes increasingly important. The Harmonized System (HS) code plays a crucial role in international trade, serving as a universal language for classifying goods. In this article, we'll explore the HS code for bean cake, a product that has gained significance in various industries, particularly as a soybean meal, protein supplement, and animal feed ingredient.
Before delving into the specific HS code for bean cake, let's briefly explain what an HS code is and why it matters:
The Harmonized System, or HS, is an international nomenclature developed by the World Customs Organization (WCO) for the classification of goods. It consists of six-digit codes that countries use as a basis for their customs tariffs and international trade statistics. The system is used by more than 200 countries and economies as a basis for their customs tariffs and for the collection of international trade statistics.
Bean cake, also known as soybean meal or soybean oil cake, is primarily classified under the following HS code:
HS Code: 2304.00
This code falls under Chapter 23 of the HS, which covers "Residues and waste from the food industries; prepared animal feed". More specifically, the full description for this code is:
"Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soybean oil"
Bean cake, particularly in the form of soybean meal, has become an essential commodity in global trade due to its versatile applications:
Several factors influence the global trade of bean cake:
As the demand for bean cake continues to grow, businesses involved in its trade face various logistics challenges. This is where FreightAmigo's digital logistics platform can provide valuable support:
Understanding the HS code for bean cake (2304.00) is crucial for businesses involved in the trade of this important commodity. As a versatile product used as soybean meal, a protein supplement, and an animal feed ingredient, bean cake plays a significant role in global agriculture and food production.
By leveraging FreightAmigo's digital logistics platform, businesses can streamline their bean cake import and export processes, ensuring efficient and cost-effective transportation of this valuable commodity. From quote comparison to customs clearance and real-time tracking, our comprehensive suite of services is designed to support your bean cake trading operations every step of the way.
As the global demand for high-protein feed ingredients continues to grow, staying ahead of the logistics curve will be essential for success in the bean cake trade. With FreightAmigo as your digital logistics partner, you can navigate the complexities of international trade with confidence, ensuring your bean cake shipments reach their destination efficiently and reliably.