HS 2701Energy · South Korea

Thermal Coal - HS 2701 classification, duty and landed cost - Import into South Korea

Duty and tax snapshot for importing energy (HS 2701) into South Korea. Typical MFN duty ~0%, VAT 10% on CIF + duty. Decision-support only - confirm the 10-digit line and preferential status with your broker.

Typical duty

VAT

10%

Total taxes / CIF

10.0%

Worked landed-cost example

USD 250,000 FOB parcel of energy (HS 2701) shipped to South Korea.

FOB valueUSD 250,000

Origin chargesUSD 3,750

FreightUSD 20,000

InsuranceUSD 1,250

CIFUSD 275,000

Import duty @ 0%USD 0

VAT @ 10%USD 27,500

Destination inlandUSD 5,000

Landed cost ≈ USD 307,500

Run your own numbers in the Landed Cost by HS & Country tool.

Sample HS codes

Code	Description
2701.12	Bituminous coal, not agglomerated
2710.20	Petroleum oils with biodiesel content

South Korea duty regime

MFN and preferential tariffs under KORUS FTA (USA), Korea-EU FTA, RCEP, Korea-UK FTA, Korea-ASEAN, Korea-India CEPA and Korea-China FTA.

Customs notes

· HSK: 10-digit Korean tariff code (HS 6 + 4 national digits) managed by Korea Customs Service (KCS).
· UNI-PASS is the electronic clearance system.
· Individual Consumption Tax applies to select goods (autos, jewellery, tobacco, alcohol) before VAT.

Frequently asked questions

What is the typical import duty on energy (HS 2701) into South Korea?

South Korea applies an MFN duty of about 0% on HS chapter 2701 at the 6-digit line. National tariff schedules add 2–4 further digits, so the exact rate can shift once you confirm the 8- or 10-digit code. Preferential rates under FTAs (MFN and preferential tariffs under KORUS FTA (USA), Korea-EU FTA, RCEP, Korea-UK FTA, Korea-ASEAN, Korea-India CEPA and Korea-China FTA) may reduce this to 0% for qualifying origins.

How is VAT calculated on imports of energy in South Korea?

South Korea charges VAT at 10% on the CIF value plus duty. 10% VAT on CIF + duty + ICT

What is the landed cost of a USD 250,000 FOB shipment of energy into South Korea?

On a USD 250,000 FOB parcel with ~8% freight and 0.5% insurance, CIF works out to USD 275,000. Applying 0% duty and 10% VAT brings total taxes to about USD 27,500 (~10.0% of CIF). Landed at buyer's warehouse ≈ USD 307,500.

Which HS code should I use for energy in South Korea?

Start with the 6-digit international HS heading - for example 2701.12 (Bituminous coal, not agglomerated). South Korea customs then requires the full national code (8- to 10-digit national tariff line). Confirm the exact line with your licensed customs broker before filing.

Which Incoterm is best for shipping energy to South Korea?

Most importers into South Korea prefer CIF or CFR for sea freight so the seller arranges main-carriage transport, while retaining control of destination clearance. DDP shifts import duty and VAT to the seller - attractive to buyers but often priced with a risk premium. Compare all 11 Incoterms with our Landed Cost by HS & Country tool.

What documents does South Korea customs need to clear HS 2701?

HSK: 10-digit Korean tariff code (HS 6 + 4 national digits) managed by Korea Customs Service (KCS). Regulated commodities may also require a health certificate, phytosanitary certificate or import licence depending on the exact HS line.