HS Code:
The category 'Food preparations not elsewhere specified or included' under HS Code 2106 encompasses a wide range of processed food products that do not fall under other specific food categories. This includes items like protein concentrates, flavored or colored sugar syrups, food supplements, and other miscellaneous edible preparations. These products are often used in the food and beverage industry for further processing or as consumer-ready goods.
Total Trade Volume
USD 45.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 8.2 billion
18.0% of total trade of total trade
Increasing
USD 5.1 billion
11.2% of total trade of total trade
Stable
USD 4.3 billion
9.4% of total trade of total trade
Increasing
USD 3.9 billion
8.6% of total trade of total trade
Stable
USD 3.5 billion
7.7% of total trade of total trade
Increasing
Average Rate
6.5%
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)
Growing demand for health and wellness products
Increased trade in protein concentrates and dietary supplements as consumers focus on fitness and nutrition
2020-2022
Rise in plant-based food preparations
Surge in exports of vegan and vegetarian food preparations due to shifting dietary preferences globally
2021-2023
Supply chain disruptions due to geopolitical tensions
Temporary trade slowdowns in key regions due to conflicts and export restrictions on food products
2022
The European Union introduced stricter regulations on food additives and labeling for food preparations under HS Code 2106 to ensure consumer safety and transparency.
March 2023
Exporters to the EU market must adapt to new compliance requirements, potentially increasing costs but ensuring market access.
A new bilateral agreement reduced tariffs on certain food preparations, boosting trade volumes between the two countries.
January 2023
Increased export opportunities for US manufacturers and improved supply for Chinese consumers.
Recovery of logistics and shipping networks has facilitated a rebound in trade volumes for food preparations after COVID-19 disruptions.
Mid-2022
Stabilization of prices and improved availability of products in international markets.