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A cargo ship carrying 12,600 metric tons of hydrogenated vegetable oil departed from Jiaxing Port in East China's Zhejiang province on Jan 31, marking the first export of this energy product under its newly designated tariff code in the province.

Hydrogenated vegetable oil, a second-generation biofuel derived from renewable resources like waste oils, offers significant carbon reduction benefits. It is highly compatible with petrochemical diesel and has excellent low-temperature performance. Compared to traditional fossil diesel, it reduces carbon emissions by over 90 percent and can be used in various sectors such as transportation, shipping, and construction machinery.

Previously, hydrogenated vegetable oil lacked a dedicated tariff code and was classified as ordinary diesel, which obscured trade data and complicated policy adjustments. In 2025, after identifying this issue, Jiaxing Customs worked with enterprises to draft a proposal for a new tariff code. The proposal was approved, leading to the addition of the new tariff code 2710.1925 specifically for hydrogenated vegetable oil in 2026.

The new tariff code not only provides a clear market identity for the product but also facilitates more efficient customs procedures and provides greater cost certainty for businesses. Following the policy change, Jiaxing Customs has provided targeted services to help companies navigate the new classification rules and make full use of trade agreements like RCEP to reduce costs.