Understanding HSN Codes in Greece : A Comprehensive Guide

Introduction

The Harmonized System of Nomenclature (HSN) Codes, instituted by the World Customs Organization (WCO), are essential for the classification of goods in international trade. In Greece, a historic trading nation within the European Union, these codes facilitate the movement of goods across borders, ensuring efficient customs procedures and compliance with international trade laws.

Utilizing HSN Codes in Greece is crucial for maintaining the flow of commerce through its ports and for supporting its diverse economy.

Greece employs the HSN Codes in alignment with the EU's Combined Nomenclature, ensuring that goods are classified consistently for trade within the internal market and with external partners.

Greece’s adherence to the HSN Codes underlines its commitment to streamlined, standardized trade processes, contributing to the country’s reputation as a reliable trading partner.

The Greek customs authorities utilize the detailed HSN Code structure to classify goods, which is essential for the accurate determination of tariffs and for the collection of trade statistics.

The classification system in Greece is organized into sections, chapters, headings, and subheadings, mirroring the hierarchical format established by the WCO and further detailed by EU-specific provisions.

Starting with broad categories indicated by chapters, the HSN structure in Greece becomes more specific with headings and subheadings, enhanced by additional EU codes for precise classification.

A key export product from Greece, such as olive oil, would be classified under HS code 1509:

Chapter (15): Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes.

Heading (09): Olive oil and its fractions, whether or not refined, but not chemically modified.

The use of HSN Codes in Greece is vital for trade operations, enabling the country to apply tariffs correctly, process customs efficiently, and compile accurate trade data that informs economic policy and market strategies.

Greek businesses leverage HSN Code-sorted trade data for market research and competitive intelligence, gaining insights into global market trends and positioning themselves effectively in the international market.

Volza offers a detailed list of HSN codes and trade data specific to Greece, including information on tariffs and regulations. This tool is indispensable for businesses involved in Greek trade, aiding in navigation through the complexities of trade classifications and compliance.