Harmonized Commodity Description and Coding System

The Harmonized Commodity Description and Coding System, often referred to as the Harmonized System (HS), is an international system used to classify traded products. Developed by the World Customs Organization, it assigns unique codes to various goods, making it easier for countries to identify and categorize items in international trade. These codes help in tariff calculations, tracking trade statistics, and ensuring compliance with regulations. The system consists of over 5,000 commodity descriptions and is updated regularly to reflect changes in trade and technology, promoting consistency and transparency in global commerce.