Automatic Product Classification in International Trade: Machine Learning and Large Language Models
Ignacio Marra de Artiñano,
Franco Riottini Depetris,
Christian Volpe Martincus
Abstract:Accurately classifying products is essential in international trade. Virtually all countries categorize products into tariff lines using the Harmonized System (HS) nomenclature for both statistical and duty collection purposes. In this paper, we apply and assess several different algorithms to automatically classify products based on text descriptions. To do so, we use agricultural product descriptions from several public agencies, including customs authorities and the United States Department of Agriculture (… Show more
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