What are SITC, HS and SPECIAL PRODUCT GROUP?
SITC V the Hong Kong Merchandise Trade Statistics Classification is based on the Standard International Trade Classification Revision 4 (SITC R.4). SITC is recommended by the United Nations for classifying trade statistics for economic analysis. For each SITC commodity code is designed that the first digit determines the section, the first two digits determine the divisions, the first three digits determine the group, and the entire five digits determine the item. HS V the Harmonized Commodity Description and Coding System, or Harmonized System (HS), has been designed by the World Customs Organization (WCO), established as the Customs Cooperation Council (CCC), to serve as a multi-purpose classification suitable for use by customs and statistical authorities, traders, carriers and others concerned with international trade. Hong Kong has adopted in full for trade declaration purposes since 1 January 1992. While the HS specifies the commodity classification up to the 6 digit subheading l
