harmonized system (HS) codes

Harmonized System (HS) codes are standardized numerical codes used internationally to classify products in trade. Managed by the World Customs Organization, these codes help customs authorities, businesses, and governments efficiently identify, track, and regulate goods moving across borders. Each code typically consists of six digits, with additional digits added by countries for more specific classification. This system streamlines international trade by ensuring consistent product identification, enhancing compliance, and facilitating tariffs and trade statistics. In essence, HS codes are like unique product identifiers that enable smooth and organized global commerce.