HS Code:
Subheading 0406.90.92 of the Harmonized System (HS) Code pertains to 'Other cheese,' specifically covering cheeses not elsewhere specified or included under other subheadings of 0406. This category typically includes specialty or processed cheeses that do not fall under categories like fresh cheese, grated cheese, or specific types like cheddar or blue-veined cheese. Products in this category are traded globally and are significant in the dairy industry due to their use in culinary applications, food processing, and retail markets.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 600 million
24% of total trade of total trade
Increasing
USD 500 million
20% of total trade of total trade
Stable
USD 400 million
16% of total trade of total trade
Increasing
USD 300 million
12% of total trade of total trade
Decreasing
USD 250 million
10% of total trade of total trade
Stable
Average Rate
15%
Highest Rate
35% (applied by certain developing countries to protect local dairy industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for specialty cheeses in Asia-Pacific
Increased export opportunities for European producers targeting emerging markets like China and India
2021-2022
Shift towards organic and sustainable cheese production
Higher production costs but growing consumer willingness to pay premium prices in developed markets
2020-2022
Impact of supply chain disruptions
Delays in exports and increased logistics costs due to global shipping challenges and geopolitical tensions
2021-2022
Post-Brexit trade agreements have led to new tariff structures for cheese exports between the EU and UK, impacting trade flows for products under HS 0406.90.92.
January 2023
Potential increase in costs for UK importers; EU exporters seeking alternative markets
The United States reduced retaliatory tariffs on certain EU dairy products, including specialty cheeses, as part of a broader trade dispute resolution.
October 2022
Boosted export volumes from EU countries to the US, benefiting producers in Germany and France
China implemented stricter sanitary and labeling requirements for imported dairy products, including cheeses under this category.
March 2023
Short-term delays for exporters but potential long-term benefits for consumer trust and market access