HS code stands for Harmonized System Code.
It was developed by the WCO or World Customs Organization as a multipurpose international product nomenclature tool that describes clearly the type of good that is shipped.
Nowaday it is used by customs officers to clear every commodity that enters or crosses any international borders.
Using this the codes worldwide can be easily standardized.
It is also used by hundreds of countries and economies around the globe to collect international trade statistics and to gather data used as a basis for customs tariffs.