The Korea Customs Service said on the 31st that it has released for the first time a list of the top 100 e-commerce export items and their HS codes to support e-commerce exports.
HS is a product classification table that links the names of products to numeric codes to provide a unified classification for goods traded internationally for various purposes such as tariff imposition, statistics collection, transportation, and insurance.
The top 100 e-commerce export items released this time were selected based on actual export data. The Korea Customs Service provided the HS codes for those items so exporters can more easily identify their own goods and use them to file accurate declarations.
Until now, many of the 10-digit HS codes that exporters declare to customs included an "other" category that consolidates remaining goods not classified as a specific item. Because of this, it was often difficult to accurately identify detailed information about a product with that code alone.
In response, the Korea Customs Service is also providing the higher-level 4-digit and 6-digit HS codes, while making it easier to identify similar items and reducing classification errors to improve the accuracy and efficiency of export declarations.
Lee Myeong-gu, commissioner of the Korea Customs Service, said, "The 100 items released this time can be used for accurate export declarations, and we expect that our corporations will be able to grasp at a glance the flow of major e-commerce export goods and use it to establish item-by-item export strategies and respond to changes in overseas markets."