HS Code:
The category 'Containing more than 65 percent by weight of sugar' (often classified under HS Code 1704.90 or related subcategories) includes sugar confectionery products such as candies, toffees, caramels, and other sweets where sugar constitutes over 65% of the product weight. This category excludes chocolate and other cocoa-based products. These products are widely traded globally due to high consumer demand across various demographics, seasonal consumption patterns (e.g., holidays), and their role in the snack food industry. Trade in this category is influenced by factors such as raw sugar prices, health regulations, and regional taste preferences.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO) Statistics
USD 1.8 billion
14.4% of total trade of total trade
Increasing
USD 1.5 billion
12.0% of total trade of total trade
Stable
USD 1.2 billion
9.6% of total trade of total trade
Increasing
USD 900 million
7.2% of total trade of total trade
Increasing
USD 800 million
6.4% of total trade of total trade
Stable
Average Rate
8.5% ad valorem
Highest Rate
35% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for low-sugar alternatives
Manufacturers are innovating with sugar substitutes, potentially reducing trade volume in traditional high-sugar categories.
2021-2023
Growth in emerging markets
Increased consumption in Asia and Africa due to urbanization and rising disposable incomes is boosting exports to these regions.
2020-2022
Seasonal trade spikes
Significant increases in trade volume during festive seasons like Halloween, Christmas, and regional holidays drive annual patterns.
Annual recurring trend
Several EU countries introduced or increased sugar taxes on high-sugar confectionery, impacting import tariffs and domestic pricing.
January 2023
Potential reduction in demand for high-sugar products in the EU market, prompting exporters to reformulate products.
Revised rules under the USMCA have facilitated duty-free access for sugar confectionery between the US, Canada, and Mexico, boosting regional trade.
July 2022
Increased trade volume among member countries, especially benefiting Mexican exporters.
Fluctuations in raw sugar prices due to supply chain disruptions and climate impacts in key producing regions like Brazil have affected production costs.
Mid-2022 to 2023
Higher production costs are passed on to consumers, potentially slowing trade growth in price-sensitive markets.