Understanding HSN Codes in Hungary : A Comprehensive Guide

Introduction

The Harmonized System of Nomenclature (HSN) Codes, devised by the World Customs Organization (WCO), form a standardized international coding system for goods. Hungary, as a member of the European Union, employs these codes, known as the Harmonized System (HS) or 'Harmonizált Rendszer' in Hungarian, to facilitate international trade, customs operations, and economic policy decisions.

The utilization of HSN Codes in Hungary ensures that the country's trade procedures are in line with EU regulations and global trade practices.

Hungary adopts the HSN Codes within the EU's Combined Nomenclature, applying them to the classification of goods for import and export, thereby streamlining trade and customs processes.

By adhering to the HSN Codes, Hungary stands in solidarity with the WCO’s mission to harmonize international trade procedures and standards, enhancing the efficiency of global commerce.

The detailed HSN Code structure is integrated into Hungary's customs system, allowing for precise classification of goods and accurate application of tariffs and trade measures.

Hungary's HSN Code system is organized into sections, chapters, headings, and subheadings, reflecting the hierarchical structure defined by the WCO and detailed by the EU's Combined Nomenclature.

The system starts with broad categories in the chapters and refines these into headings and subheadings. Hungary further specifies these classifications with additional EU-specific codes for a detailed categorization system.

For example, Hungary’s export of pharmaceutical products might use an HS code such as 3004.90:

Chapter (30): Pharmaceutical products.

Heading (04): Medicaments (excluding goods of heading 3002, 3005, or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses or in forms or packings for retail sale.

Sub-heading (90): Other medicaments.

HSN Codes are crucial in Hungary for classifying goods consistently across international borders, simplifying customs processes, ensuring the proper collection of tariffs, and facilitating the compilation of trade statistics.

Hungarian businesses utilize HSN Code-sorted trade data to conduct thorough market research and competitive intelligence. This information is vital for identifying market trends and making informed business decisions.

Volza’s database offers an extensive list of HSN codes and trade data for Hungary, complete with tariff rates and detailed regulatory information. This invaluable tool aids businesses in navigating the complexities of Hungarian trade regulations and enhancing their market strategies.