HS Code:
The 'Other (317)' category under the Harmonized System (HS) Code typically includes a miscellaneous range of products that do not fall under specific classifications. This category often encompasses unique or niche items, residual products, or goods not elsewhere specified within the broader HS framework. Due to its diverse nature, it can include anything from specialized industrial components to consumer goods with unique characteristics. Trade in this category varies widely by region and is often influenced by specific market demands or regulatory frameworks.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade
Increasing
USD 2.8 billion
22.4% of total trade
Increasing
USD 1.5 billion
12.0% of total trade
Stable
USD 1.1 billion
8.8% of total trade
Decreasing
USD 0.9 billion
7.2% of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for niche products
Increased trade volume as markets seek specialized goods not covered under standard categories, driving innovation and small-scale exports.
2021-2022
Shift towards sustainability
Products in this category are increasingly subject to eco-friendly regulations, affecting production costs and trade patterns.
2020-2022
Digital trade integration
E-commerce platforms are facilitating the trade of miscellaneous goods, especially for small and medium enterprises (SMEs).
2019-2022
The European Union introduced stricter compliance requirements for miscellaneous goods under the 'Other' category, focusing on safety and environmental impact.
June 2023
Potential increase in compliance costs for exporters to the EU, but improved market trust and consumer safety.
A revised trade agreement between the US and China reduced tariffs on select products in the 'Other' category to promote bilateral trade.
March 2023
Expected boost in trade volume between the two nations, benefiting exporters in this category.
India launched a new incentive scheme to support the export of niche and miscellaneous products, including those under HS Code 317.
January 2023
Likely to increase Indiaโs share in global trade for this category, particularly in Asian and African markets.