Find HS Code and trade information for piggy bank ornaments

Piggy Bank Ornaments

Piggy bank ornaments are decorative items shaped like pigs, traditionally used to hold coins and small amounts of money. They represent savings and are often given as gifts, particularly to children, to encourage financial responsibility. While originating as functional savings vessels, modern versions frequently prioritize aesthetic appeal over large-capacity storage.

Material

• Ceramic: A common material, offering a wide range of colors, glazes, and detailing options. Can be fragile.
• Porcelain: Higher quality ceramic, known for its smoothness and delicate appearance. More expensive and susceptible to breakage.
• Plastic: Lightweight, durable, and inexpensive. Often used for children’s piggy banks due to safety concerns.
• Metal (Tin, Steel, Iron): Provides a more robust and often vintage aesthetic. Can be prone to rust if not properly coated.
• Wood: Offers a natural, rustic look. May be less durable than other materials.
• Glass: Less common, typically used for decorative rather than functional purposes. Highly fragile.
• Resin: Versatile, allowing for complex shapes and designs. Durable and relatively inexpensive.

Purpose

• Savings: The primary historical purpose, encouraging the accumulation of small amounts of money.
• Decoration: Increasingly used as decorative items, particularly during holidays or as part of a collection.
• Gifts: Popular gifts for children, birthdays, or special occasions.
• Collectible: Certain vintage or limited-edition piggy banks can be valuable collectibles.

Function

• Coin Deposit: Most piggy banks feature a slot or opening for inserting coins.
• Coin Retrieval: Access to coins is typically achieved by a rubber stopper at the base, a removable plug, or by breaking the bank (traditional ceramic versions).
• Display: Often designed for placement on shelves, mantels, or tables.

Usage Scenarios

• Children’s Rooms: Encouraging saving habits from a young age.
• Holiday Decor: Pig-shaped ornaments are common during Lunar New Year (symbolizing wealth) and other celebrations.
• Home Decor: Adding a whimsical or nostalgic touch to living spaces.
• Gift-Giving: Suitable for birthdays, baby showers, or as a symbolic present.
• Collecting: Displaying and preserving vintage or unique piggy bank designs.

Common Types

• Traditional Ceramic Pig: The classic design, often pink and featuring a slot on the back.
• Character Piggy Banks: Shaped like popular cartoon characters, animals, or other figures.
• Animal-Shaped Piggy Banks (Non-Pig): While termed "piggy banks", many designs feature other animals like bears, dogs, or cats.
• Vintage Piggy Banks: Older designs, often made of metal or ceramic, with unique features and potential collectible value.
• Electronic Piggy Banks: Feature coin counting mechanisms and digital displays.
• Combination Piggy Banks: Include features like alarms or voice recording.
• Personalized Piggy Banks: Customized with names, dates, or special messages.

Piggy bank ornaments can fall under several classifications depending on the material they are made from. Here's a breakdown of potential HS codes based on the provided reference material:

• 7115906000: This code covers “Other articles of precious metal or of metal clad with precious metal: Other: Other: Other”. If the piggy bank ornament is made of precious metal (like gold or silver) or metal coated with precious metal, this code applies. The tariff is a basic duty of 4.0%, a surcharge of 25.0%, and a further 30.0% after April 2, 2025, resulting in a total tariff of 59.0%.

• 7113205000: If the piggy bank ornament is made of base metal clad with precious metal, this code is applicable. It falls under “Articles of jewelry and parts thereof, of precious metal or of metal clad with precious metal: Of base metal clad with precious metal: Other: Other”. The tariff structure includes a basic duty of 5.2%, a surcharge of 7.5%, and an additional 30.0% after April 2, 2025, totaling 42.7%.

• 7326903500: This code applies to “Other articles of iron or steel: Other: Other: Containers of a kind normally carried on the person, in the pocket or in the handbag”. If the piggy bank ornament is made of iron or steel and is small enough to be carried, this code may be relevant. The tariff is 7.8% basic duty, 25.0% surcharge, and 30.0% after April 2, 2025, resulting in a total tariff of 87.8%.

• 9601908000: If the piggy bank ornament is made of worked ivory, bone, tortoise-shell, horn, antlers, coral, or mother-of-pearl, this code applies. It falls under “Worked ivory, bone, tortoise-shell, horn, antlers, coral, mother-of-pearl and other animal carving material, and articles of these materials (including articles obtained by molding): Other: Other”. The tariff is 3.7% basic duty, 7.5% surcharge, and 30.0% after April 2, 2025, totaling 41.2%.

• 9602005080: If the piggy bank ornament is made of worked vegetable or mineral carving material, molded wax, or other similar materials not elsewhere specified, this code may be applicable. It falls under “Worked vegetable or mineral carving material and articles of these materials; molded or carved articles of wax, of stearin, of natural gums or natural resins, of modeling pastes, and other molded or carved articles, not elsewhere specified or included; worked, unhardened gelatin (except gelatin of heading 3503) and articles of unhardened gelatin: Other Other”. The tariff is 2.7% basic duty, 7.5% surcharge, and 30.0% after April 2, 2025, totaling 40.2%.

• 4205008000: If the piggy bank ornament is made of leather or composition leather, this code applies. It falls under “Other articles of leather or of composition leather: Other: Other: Other”. The tariff is 0.0% basic duty, 25.0% surcharge, and 30.0% after April 2, 2025, totaling 55.0%.

It is important to determine the exact material composition of the piggy bank ornament to ensure correct HS code classification.