Over time commodity codes may change to reflect new product streams, technological changes, along with changes in environmental and social issues.
Every five years, the World Customs Organization (WCO) updates its list of commodity codes. The latest version of these codes came into force in January 2022. This refers to the first six digits of a commodity code.
Within Europe the remaining digits of a commodity code are set by the European Commission in their Combined Nomenclature. This is updated annually. The next update is scheduled for 1st January 2024.
What does this mean for my business?
As a result of the upcoming update, some commodity codes may change. To prepare for this, businesses in Ireland and Northern Ireland should develop a list of existing commodity codes used and compare with amended codes in the following link: Commission Implementing Regulation (EU) 2023/2364 of 15 October 2023 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff (europa.eu)
My business is based in Northern Ireland. How will this impact me?
Since leaving the EU, the UK has continued to use the EU’s combined nomenclature - therefore all changes in commodity codes in the updated 2024 version will impact businesses in Northern Ireland as well as businesses in Ireland.
How can I find a commodity code?
For more information about how to find a commodity code for your product, please see the following link: Article: A guide to commodity codes (intertradeireland.com)
Article Reviewed: Nov 24