Vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified

HS v2022 Code: 150940

About vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified

HS code 150940 covers a crucial segment of the global vegetable oil industry - the production and trade of virgin olive oil. Olive oil is a staple ingredient in many cuisines, particularly in the Mediterranean region, and is valued for its distinct flavor, nutritional profile, and versatility in cooking. This industry plays a significant role in the agricultural and food processing sectors, contributing to local economies and international trade.

Production process

The production of virgin olive oil involves a relatively straightforward process. Olives are harvested, cleaned, and then crushed or ground into a paste. The paste is then centrifuged or pressed to extract the oil, which is then filtered and bottled for distribution. The key distinction of virgin olive oil is that it is obtained solely through mechanical or other physical means, without any chemical modification.

Production inputs

The main inputs required for the production of virgin olive oil include olives, which are the primary raw material. Specialized machinery, such as olive presses, centrifuges, and filtration equipment, are also essential. Additionally, labor, energy, and packaging materials are necessary for the various stages of production and distribution.

Production outputs

The primary output of this industry is virgin olive oil, which can be further classified into different grades based on factors such as acidity and organoleptic properties. The virgin olive oil produced under HS code 150940 may be consumed directly or used as an ingredient in a wide range of food products, including 150910 Vegetable oils; olive oil and its fractions, virgin, 150990 Vegetable oils; olive oil and its fractions, other than virgin, and 210320 Sauces and preparations; tomato ketchup and other tomato sauces.

Revisions to 150940

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 150940. The most recent 1 version of this code (150940) is in the HS v2022 system (this version):

This page shows the most recent version of code 150940.

Family tree for vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified

    graph LR
    A["<a href='/classifications/hs/v2022/15'>15: Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes</a>"]
A --> B["<a href='/classifications/hs/v2022/1509'>1509: Olive oil and its fractions; whether or not refined, but not chemically modified</a>"]
B --> C["<a href='/classifications/hs/v2022/150940'>150940: Vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified</a>"]

    B --> D["<a href='/classifications/hs/v2022/150920'>150920: Vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified</a>"]
B --> E["<a href='/classifications/hs/v2022/150930'>150930: Vegetable oils; olive oil and its fractions, virgin olive oil, whether or not refined, but not chemically modified</a>"]
B --> F["<a href='/classifications/hs/v2022/150990'>150990: Vegetable oils; olive oil and its fractions, other than virgin, whether or not refined, but not chemically modified</a>"]

    

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