HS Code:
The category of walnut (Juglans spp.) under the Harmonized System (HS) Code typically refers to products such as fresh or dried walnuts, whether or not shelled (commonly under HS Code 080231 for walnuts in shell and 080232 for shelled walnuts). Walnuts are a high-value nut crop widely used in food industries, confectionery, and as a healthy snack. They are cultivated in temperate regions and are a significant part of global agricultural trade. Major production and export are driven by factors such as favorable climatic conditions, labor availability, and technological advancements in processing. Walnuts also hold cultural and economic importance in many countries, contributing to rural livelihoods.
Total Trade Volume
Approximately 1.2 million metric tons
Data from 2022
Source
International Trade Centre (ITC), FAOSTAT
650,000 metric tons
54% of global trade of total trade
Increasing
200,000 metric tons
17% of global trade of total trade
Stable
100,000 metric tons
8% of global trade of total trade
Increasing
80,000 metric tons
7% of global trade of total trade
Increasing
50,000 metric tons
4% of global trade of total trade
Stable
Average Rate
5-10% ad valorem
Highest Rate
25% (imposed by certain countries like India on imported walnuts to protect domestic producers)
Lowest Rate
0% (under free trade agreements such as EU-US trade pacts or within regional blocs like ASEAN)
Growing demand for healthy snacks
Increased consumption of walnuts as a source of omega-3 fatty acids and antioxidants, driving export volumes particularly in North America and Europe
2020-2022
Shift towards organic walnuts
Higher prices and market share for organic-certified walnuts, especially in the EU, influencing production practices
2021-2023
Climate change affecting yields
Erratic weather patterns in key producing regions like California (USA) have led to supply fluctuations and price volatility
2019-2022
As part of the Phase One trade deal, China reduced tariffs on US walnuts from 25% to 7%, boosting American exports to the Chinese market.
January 2020
Significant increase in US walnut exports to China, reshaping trade dynamics in the Asia-Pacific region
The EU introduced stricter sustainability and pesticide regulations under the Green Deal, affecting walnut imports from non-compliant countries.
March 2022
Potential barriers for exporters from developing countries, while favoring suppliers with sustainable practices
Chile invested in expanding walnut orchards and modernizing processing facilities to meet growing global demand.
June 2021
Strengthened Chile's position as a key exporter, especially to Middle Eastern and Asian markets