HS Code:
Subheading 1901.90.62 of the Harmonized System (HS) Code pertains to 'Other food preparations of goods of headings 0401 to 0404, not containing cocoa or containing less than 5% by weight of cocoa calculated on a totally defatted basis, not elsewhere specified or included, valued over 30 cents per kg but not over $1 per kg.' This category typically includes dairy-based food preparations such as certain types of milk powders, cream substitutes, and other dairy-derived products used in food manufacturing. These products are significant in global trade due to their use in processed foods and nutritional supplements.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$320 million USD
26.7% of total trade of total trade
Increasing
$210 million USD
17.5% of total trade of total trade
Stable
$180 million USD
15.0% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
Up to 25% (in certain developing markets with protective dairy policies)
Lowest Rate
0% (under free trade agreements such as USMCA and EU single market)
Growing demand for dairy alternatives and substitutes
Increased trade in non-traditional dairy preparations as consumers shift towards plant-based diets, affecting traditional dairy preparation exports.
2021-2022
Rising health and nutrition awareness
Boost in demand for fortified dairy preparations and low-fat options, driving innovation and trade in this category.
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary declines in trade volumes in specific regions due to export restrictions and logistical challenges.
2022
The European Union revised its export quotas for dairy products, including those under HS 1901.90.62, to balance domestic supply and international demand.
March 2023
Potential short-term reduction in EU exports to non-EU countries, creating opportunities for competitors like New Zealand and the US.
Under the USMCA agreement, tariffs on certain dairy preparations between the US, Mexico, and Canada were reduced, facilitating increased trade in this category.
January 2023
Enhanced market access for US exporters in North America, likely increasing trade volume by 5-10% in the region.
An upgraded free trade agreement between New Zealand and China reduced tariffs on dairy preparations, boosting exports under this HS code.
April 2022
Strengthened New Zealand's position in the Asian market, with a projected 8% increase in export volume to China.