HS Code:
The 'News' category, often associated with printed newspapers, journals, and periodicals under HS Code 4902, encompasses the global trade of physical news publications. This category includes daily newspapers, magazines, and other periodic literature distributed internationally. The trade in this category has been significantly influenced by the rise of digital media, which has led to a decline in demand for physical copies in many regions. However, certain markets still rely on printed news for accessibility and archival purposes, particularly in areas with limited internet penetration. This category also faces unique challenges such as rapid obsolescence, transportation costs for timely delivery, and varying import regulations based on content censorship or cultural policies.
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
Decreasing
USD 400 million
16% of total trade of total trade
Stable
USD 350 million
14% of total trade of total trade
Decreasing
USD 300 million
12% of total trade of total trade
Stable
USD 250 million
10% of total trade of total trade
Decreasing
Average Rate
3.5%
Highest Rate
10% (applied by certain developing nations to protect local publishing industries)
Lowest Rate
0% (under free trade agreements or for educational materials in many countries)
Shift to Digital Media
Significant reduction in demand for physical newspapers and magazines as consumers increasingly prefer online news platforms, leading to a consistent decline in trade volume.
2018-2022
Sustainability Concerns
Growing emphasis on eco-friendly printing practices and recycled paper usage is influencing production costs and trade preferences, with some countries imposing environmental tariffs.
2020-2022
Niche Market Growth
Specialized magazines and journals catering to specific industries or hobbies are seeing stable or growing demand, partially offsetting the decline in general news trade.
2021-2022
The European Union introduced a temporary tariff waiver on imported educational journals and periodicals to promote access to information amidst declining local production.
March 2023
Expected to increase imports from non-EU countries by 5-7% in the short term.
Several Asian countries have introduced stricter content review processes for imported news materials, citing national security and cultural preservation concerns.
July 2023
Delays in customs clearance and potential reduction in trade volume for exporters targeting these markets.
The United States passed legislation providing subsidies to domestic publishers, indirectly affecting the competitiveness of imported news products.
January 2023
Likely to reduce import demand by 3-5% as local production is prioritized.