HS Code:
The category 'Glucose and glucose syrup, not containing fructose or containing in the dry state less than 20 percent by weight of fructose' (HS Code: 1702.30) includes glucose and glucose syrup used primarily in food and beverage industries as sweeteners or stabilizers. These products are derived from starch, typically from corn, wheat, or potatoes, and are essential in confectionery, baking, and pharmaceutical applications. This category excludes products with significant fructose content, distinguishing it from high-fructose corn syrup.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
18% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for natural sweeteners
Increased preference for glucose syrup over synthetic sweeteners drives export growth, especially in health-conscious markets like the EU and North America.
2021-2022
Growth in processed food industry
Expanding food and beverage sectors in Asia-Pacific, particularly in China and India, boost demand for glucose syrup as a cost-effective ingredient.
2020-2022
Sustainability concerns in production
Shift towards sustainably sourced raw materials (e.g., non-GMO corn) influences trade patterns, favoring exporters with eco-friendly certifications.
2022
The European Union reduced tariffs on glucose and glucose syrup imports from select trading partners to stabilize supply amidst local production shortages.
June 2023
Expected to increase imports from the US and Ukraine, benefiting EU food manufacturers with lower input costs.
China initiated an anti-dumping probe into glucose syrup imports from certain countries, citing unfair pricing practices.
March 2023
Potential temporary decline in exports to China from investigated countries, redirecting trade flows to other Asian markets.
Revised rules under the USMCA facilitated duty-free trade of glucose products among the US, Mexico, and Canada, enhancing regional supply chains.
January 2023
Strengthened North American trade, with increased exports from the US to Mexico for beverage production.