What is HS Code 1202?
HS Code 1202 covers peanuts, a widely consumed legume known for its versatility in food products and oil extraction. This category includes raw, roasted, and other forms of peanuts, catering to both the food industry and agricultural sectors. As an essential part of global trade, peanuts are exported and imported for various uses, ranging from snacks to ingredients in processed foods.
Under the Harmonized System (HS), peanuts fall under Chapter 12, which covers oilseeds, oleaginous fruits, and certain other agricultural products. This guide will help you understand the classifications, trade regulations, and key details of peanuts under HS Code 1202.
Key Industries Using Peanuts
Peanuts play a crucial role in various industries, thanks to their versatility and nutritional value. From food production to industrial applications, peanuts are a key ingredient in many sectors. Here are some of the major industries that rely on peanuts:
- Food and Beverage Industry: Peanuts are a staple in the food industry, used in snacks, confections, and cooking ingredients. They are key components in peanut butter, oil, sauces, and snack bars, widely consumed for their taste and health benefits.
- Oil and Fats Industry: Peanut oil, known for its light taste and high smoke point, is widely used in cooking, frying, and as an ingredient in salad dressings. This oil is also a major by-product of peanut processing.
- Cosmetics and Personal Care: Due to its moisturizing properties, peanut oil is commonly found in personal care products like lotions, soaps, and shampoos, offering hydration and skin protection.
- Animal Feed Industry: Peanuts, particularly their shells, are used in animal feed, especially in the production of livestock feed. Peanut meal, a by-product of oil extraction, serves as a valuable protein source for animals.
- Pharmaceuticals: Peanuts contain essential vitamins and antioxidants, which can be used in the production of health supplements and nutraceutical products, contributing to heart health and immune system support.
These industries represent just a few of the numerous sectors that benefit from peanuts, illustrating the vast market and importance of this product in global trade.
Quick Reference Table for India to US Export/Import
| HS Code | Description | General Duty |
| HS Code 1202.30 | Groundnuts not roasted | 6.6¢/kg- 131.8% |
| HS Code 1202.41 | Groundnuts other than seeds not roasted | 9.35¢/kg- 131.8% |
| HS Code 1202.42 | Groundnuts, other than seed, whether or not broken | 6.6¢/kg- 131.8% |
What Goods are Covered Under HS Code 1202?
HS Code 1202 includes a variety of peanut products, primarily focusing on both raw and processed forms. These goods are essential in global trade, catering to diverse industries, including food production, snacks, and oil extraction. The subcategories under this code are classified based on the form, treatment, and condition of the peanuts.
Below are the key subcategories as per their respective HS Code extensions:
HS Code 1202.30: Groundnuts Not Roasted or Otherwise Cooked
This subcategory includes raw groundnuts that are either shelled or in their natural state, but not subjected to any cooking or roasting processes. It covers both whole and broken seeds.
HS Code 1202.41: Groundnuts, other than seed, not roasted or otherwise cooked, in shell
This section pertains to peanuts that are not roasted or otherwise processed, and are sold with their shells intact. These groundnuts are typically used for oil extraction or as whole peanuts for consumption.
HS Code 1202.42: Groundnuts, other than seed, not roasted or otherwise cooked, shelled, whether or not broken
Under this subcategory, you will find shelled peanuts that have not been roasted or cooked. These peanuts may be whole or broken, and are often used in the production of peanut-based products or consumed directly as snacks.
As you explore the various subcategories under HS Code 1202, it’s essential to ensure that you’re using the correct code for your products, especially when navigating the complexities of international trade. To make this process easier and more efficient, Intoglo offers an AI-powered HS Code Scanner. This innovative tool allows exporters to quickly and accurately determine the correct 10-digit US-specific HS code and associated tariff information for their products.
How does this work?
Simply upload an image of your product, and our advanced AI technology will analyze the image to generate the most relevant HS code and provide detailed tariff data, tailored specifically to the US market.
Trade and Market Statistics
In the global peanut market, trade flows play a crucial role in determining pricing, availability, and market reach. Understanding the dynamics of export and import trends provides valuable insights into the industry’s growth.
Top Exporters of Peanuts 2023-2024
The top exporters of peanuts significantly influence global trade patterns. Together, the five leading countries accounted for nearly 59.5% of the world’s peanut exports in 2023.
| Country | Export Value (USD) | Percentage of Global Exports |
| India | $872.6 million | 19.9% |
| United States | $629.1 million | 14.3% |
| Brazil | $443.7 million | 10.1% |
| Sudan | $435.6 million | 9.9% |
| Netherlands | $230.8 million | 5.3% |
Top Importers of Peanuts (2023-2024)
Similarly, the top peanut importing countries contribute significantly to the global demand. The leading five importers accounted for a major portion of the total global peanut imports in 2023.
| Country | Import Value (USD) | Percentage of Global Imports |
| Mainland China | $758.5 million | 16.7% |
| Netherlands | $571.2 million | 12.6% |
| Indonesia | $374.2 million | 8.2% |
| Vietnam | $269.6 million | 5.9% |
| Germany | $233.4 million | 5.1% |
Are You Looking to Ship Peanuts from India to the USA?
If you’re looking to ship peanuts from India to the USA, Intoglo is your trusted partner for hassle-free and efficient shipping. Offering door-to-door FCL shipping, Intoglo ensures that your shipments are safely and promptly delivered, no matter the size of your cargo. With a vast network, Intoglo operates from all major Indian ports, including Nhava Sheva, Mundra, and Pipavav, as well as from key Inland Container Depots (ICDs) like ICD Garhi, ICD Tughlakabad, ICD Chawapayal, and ICD Dadri.
Intoglo offers pan India pickup services, ensuring seamless coordination for exporters from anywhere in the country. Get in touch.
FAQs
- What are the different types of peanuts covered under HS Code 1202?
A: HS Code 1202 includes raw groundnuts, unshelled peanuts, shelled peanuts, and peanuts that have not been roasted or otherwise cooked. It also covers peanuts for use in oil extraction and human consumption. - What are the tariffs for peanuts under HS Code 1202?
A: Tariffs vary depending on the country and specific product classification. For the United States, the tariff rates for peanuts are determined based on the product’s processing and origin. It is essential to consult the latest tariff schedule for accurate information. - How can I determine the correct HS Code for my peanut product?
A: To determine the correct HS Code, you can refer to the Harmonized System for classification. Alternatively, using tools like the Intoglo AI-powered HS Code Scanner can simplify the process by providing precise codes based on your product’s details. - Are there any restrictions on importing peanuts under HS Code 1202?
A: Import restrictions can vary by country. Some countries may have phytosanitary regulations or quality standards for peanuts. It’s important to check the import regulations of the destination country before shipping.
- How can Intoglo help with shipping peanuts from India to the USA?
A: Intoglo offers Full Container Load (FCL) shipping from all major Indian ports. We manage the entire shipping process, including customs clearance, warehousing, and last mile delivery to ensure timely delivery of your peanuts. With our own CFS (Container Freight Station) space at major ports, Intoglo guarantees efficient handling and faster processing.
Leave a comment