HS Code:
Subheading 1806.90.49 of the Harmonized System (HS) Code pertains to 'Other chocolate and other food preparations containing cocoa, in blocks, slabs or bars, filled, not in bulk.' This category includes a variety of chocolate products that are not classified under other specific subheadings, often encompassing specialty or filled chocolate bars and similar confections. These products are widely traded globally due to their popularity as consumer goods, with significant production and consumption in both developed and emerging markets.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$450 million USD
18% of total trade of total trade
Increasing
$400 million USD
16% of total trade of total trade
Stable
$350 million USD
14% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Stable
$250 million USD
10% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
30% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Growing demand for premium and artisanal chocolates
Increased exports from countries like Belgium and Switzerland, known for high-quality chocolate, as consumers prioritize unique flavors and sustainable sourcing.
2021-2022
Rise in health-conscious consumer preferences
Shift toward dark chocolate and low-sugar options, influencing product innovation and marketing strategies in major exporting countries.
2020-2022
Sustainability and ethical sourcing
Pressure on producers to adopt fair trade and environmentally friendly practices, affecting trade patterns with a focus on transparency in cocoa supply chains.
2019-2022
The European Union introduced new regulations requiring traceability and sustainability certification for cocoa-based products to combat deforestation and child labor in supply chains.
January 2023
Increased compliance costs for exporters, particularly from African cocoa-producing countries, potentially shifting trade dynamics toward certified suppliers.
Under the United States-Mexico-Canada Agreement, tariffs on certain chocolate products, including those in HS 1806.90.49, were reduced or eliminated to facilitate trade among member countries.
July 2022
Boosted trade volumes between the US, Canada, and Mexico, with a notable increase in US exports to Canada.
Fluctuations in cocoa prices due to weather conditions in West Africa and geopolitical tensions have impacted the cost of chocolate products in this category.
March 2023
Higher production costs for manufacturers, potentially reducing profit margins or increasing retail prices, affecting trade competitiveness.