WCO publishes 2022 edition of Harmonized System Nomenclature
The World Customs Organization published the new Harmonized System Nomenclature for 2022.
WCO publishes 2022 edition of Harmonized System Nomenclature
The World Customs Organization (WCO) published the new Harmonized System Nomenclature for 2022, to be followed by the approximately 200 customs authorities worldwide. The new list will be effective 1 January 2022—thus, affording little time for importers and exporters to assess the implications for their businesses and to update their product database.
As noted in the WCO release, the online version of the 2022 edition of the Harmonized System (HS) Nomenclature is available through the WCO website to all HS users. The HS 2022 edition is the world’s global standard for classifying goods in international trade, beginning in 2022.
The 2022 edition of the HS Nomenclature includes significant changes with 351 sets of amendments (including some complementary amendments):
- 77 amendments relating to the agricultural sector
- 58 amendments relating to the chemical sector
- 31 amendments relating to the wood sector
- 21 amendments relating to the textile sector
- 27 amendments relating to the base metal sector
- 63 amendments relating to the machinery sector
- 22 amendments relating to the transport sector
- An additional 52 amendments apply to a variety of other sectors, comprising a total of 1,228 headings identified by a 4-digit code, and 5,612 subheadings identified by a 6-digit code
These amendments have been made to update the HS Nomenclature, taking into consideration public health and safety, protection of society and addressing terrorism, goods especially controlled under various conventions, food security and environment protection, technological progress, trade patterns, and clarification of the HS texts.
Read the HS Nomenclature 2022 edition
KPMG observation
The changes affect over 1500 HS codes, most of them in Chapters 84 and 85, relating to different types of machinery and their parts. Moreover, new technologies such as smartphones, vapes, and drones received specific subheadings in the updated list.
The new changes will affect mostly companies dealing with agricultural, chemical, wood, textile, metal and machinery goods. However, every company dealing goods in cross-border transactions must be ready to identify possible impacts to their database.
Importers and exporters will be required to use the new codes starting 1 January 2022. The correct use of the HS codes will lead to compliance during customs clearance, correct duty payment and use of trade agreements.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich |
John L. McLoughlin |
Andy Siciliano |
Steve Brotherton |
Luis (Lou) Abad |
Irina Vaysfeld |
Amie Ahanchian |
Christopher Young |
Gisele Belotto |
George Zaharatos |
Andy Doornaert |
Jessica Libby Principal T: 612-305-5533 E: jlibby@kpmg.com |
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