HS Code for US No.2 Yellow Corn (HS 1005.90)
US No.2 Yellow Corn is the global benchmark maize - fed grade, GMO permitted. CBOT corn futures (5,000 bushels ~= 127 MT) settle physical to Chicago. Actual trade prices as FOB Gulf/PNW basis + CBOT. Mexico, Japan, South Korea, Egypt are top importers.
Sample 6-digit codes
| Code | Description |
|---|---|
| 1005.10 | Corn seed |
| 1005.90 | Corn (maize), other than seed |
Typical import duty by market
| Market | Duty |
|---|---|
| Mexico | 0% USMCA duty-free. |
| Japan | 0% TRQ managed. |
| South Korea | 3% Concessional for feed. |
| European Union | 0-95 EUR/MT Sliding scale, effectively 0% at current prices. |
| China | 1% TRQ 7.2m MT/yr. |
Numerical Example: 60,000 MT US No.2 Yellow Corn, FOB NOLA USD 180/MT, CFR Ulsan Korea
60,000 MT US No.2 Yellow Corn, FOB NOLA USD 180/MT, CFR Ulsan Korea. Run your own numbers in the Import Duty & Tax calculator.
- · US Grain Inspection Service grading rules - No.1 to Sample Grade.
- · GMO segregation - EU Reg 1829/2003, importer must have authorised events.
- · GAFTA 30 CFR contract.
- · Aflatoxin (max 20 ppb in US animal feed; EU 10-20 ppb).
- · United States
- · Brazil (September-February window)
- · Argentina
- · Ukraine
- · Russia
Frequently asked questions
US Gulf (NOLA - New Orleans) is the biggest export hub - Mississippi River draws from Midwest silos. Pacific Northwest (Kalama, Portland) is preferred for Asian buyers, saving Panama Canal transit but higher rail freight to origin. Basis spreads (Gulf vs PNW) fluctuate USD 5-20/MT.
Import duty and tax by destination market
Typical MFN duty, consumption tax and the tax base applied to grains (HS 1005.90) in each market we cover. Rates are indicative at the 6-digit line | confirm the national 8/10-digit code with your broker.
| Market | Duty | Consumption tax | Tax base | Tax as % of CIF |
|---|---|---|---|---|
| India | 10% | IGST 18% | Assessable value + duty | 30.1% |
| United Arab Emirates | 0% | VAT 5% | CIF + duty | 5.0% |
| Saudi Arabia | 0% | VAT 15% | CIF + duty | 15.0% |
| Singapore | 0% | GST 9% | CIF + duty | 9.0% |
| China | 0% | VAT 13% | CIF + duty | 13.0% |
| United States | 0% | Federal VAT 0% | CIF | 0.3% |
| United Kingdom | 0% | VAT 20% | CIF + duty | 20.0% |
| Germany | 0% | USt 19% | CIF + duty | 19.0% |
| Netherlands | 0% | BTW 21% | CIF + duty | 21.0% |
| Vietnam | 0% | VAT 10% | CIF + duty | 10.0% |
| Türkiye | 0% | KDV 20% | CIF + duty | 20.0% |
| Japan | 0% | JCT 10% | CIF + duty | 10.0% |
| South Korea | 0% | VAT 10% | CIF + duty | 10.0% |
| Brazil | 0% | IPI+PIS/COFINS+ICMS 32% | CIF + duty | 32.0% |
| Indonesia | 0% | PPN 11% | CIF + duty | 13.5% |
| Mexico | 0% | IVA 16% | CIF + duty | 16.9% |
| Egypt | 0% | VAT 14% | CIF + duty | 14.0% |
| Nigeria | 0% | VAT 7.5% | CIF + duty | 9.1% |
| South Africa | 0% | VAT 15% | Assessable value + duty | 16.5% |
| Australia | 0% | GST 10% | CIF + duty | 10.0% |
Run your own numbers with the landed cost calculator or check documentation requirements in the LC document checklist.