HS Code:
The 'Other (except parts)' category under the Harmonized System (HS) Code typically encompasses a wide range of miscellaneous products that do not fall under specific classifications or parts of machinery, equipment, or other categorized goods. This category often includes finished goods, unique items, or products that are not easily grouped with larger commodity classifications. Due to its diverse nature, it represents a significant but varied portion of global trade, often influenced by niche market demands, cultural exports, or emerging product trends.
Total Trade Volume
USD 250 billion
Data from 2022
Source
World Trade Organization (WTO) and International Trade Centre (ITC)
USD 60 billion
24% of total trade of total trade
Increasing
USD 45 billion
18% of total trade of total trade
Stable
USD 30 billion
12% of total trade of total trade
Increasing
USD 25 billion
10% of total trade of total trade
Stable
USD 20 billion
8% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
25% (applied by certain developing countries for luxury or non-essential goods)
Lowest Rate
0% (under free trade agreements or for specific essential items)
Rising demand for sustainable and eco-friendly products
Increased trade in biodegradable or recycled items classified under 'Other' as companies adapt to consumer preferences for green products
2021-2022
Growth in e-commerce and direct-to-consumer sales
Boosted trade volumes for niche and specialty products in this category, as online platforms facilitate access to global markets
2020-2022
Supply chain diversification post-COVID-19
Shift in trade patterns with more countries entering the market to reduce dependency on single suppliers like China
2021-2023
The European Union introduced stricter compliance requirements for products under the 'Other' category to ensure safety and environmental standards are met.
March 2023
Likely to increase compliance costs for exporters but improve product quality and consumer trust in EU markets.
A revised trade agreement reduced tariffs on select miscellaneous goods in the 'Other' category, aiming to balance trade deficits.
January 2023
Expected to boost exports from China to the US, potentially increasing trade volume by 5-10% in this category.
India launched a new scheme providing subsidies for exporters of niche products under the 'Other' category to enhance global competitiveness.
April 2023
Anticipated to increase India's market share in this category, especially in markets like the Middle East and Africa.