HS Code:
The 'Other, valued under $3,025 each' category under the Harmonized System (HS) Code typically includes miscellaneous products or goods that do not fall under specific classifications and are individually valued below $3,025. This category often encompasses a wide range of items such as small machinery parts, tools, consumer goods, or other miscellaneous manufactured articles. Due to its broad nature, trade in this category is highly diverse and often reflects niche market demands or residual classifications in global trade.
Total Trade Volume
$12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database
$3.8 billion USD
30.4% of total trade of total trade
Increasing
$2.1 billion USD
16.8% of total trade of total trade
Stable
$1.5 billion USD
12.0% of total trade of total trade
Increasing
$1.2 billion USD
9.6% of total trade of total trade
Decreasing
$0.9 billion USD
7.2% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA or EU-Japan EPA)
Rising demand for low-cost miscellaneous goods in e-commerce
Increased trade volume through online marketplaces, particularly benefiting exporters like China with efficient logistics networks
2021-2022
Shift towards sustainable and eco-friendly products
Manufacturers in this category face pressure to adopt greener production methods, impacting cost structures and market competitiveness
2022
Supply chain disruptions due to global events
Delays and increased shipping costs have affected the timely delivery of goods in this category, leading to temporary trade declines in certain regions
2020-2022
The European Union implemented new VAT rules for low-value goods under €150 (approx. $160), affecting the 'Other, valued under $3,025 each' category by imposing VAT collection at the point of sale rather than customs.
July 1, 2021
Increased compliance costs for exporters to the EU, potentially reducing profit margins for small-scale exporters.
Phase One of the US-China trade agreement included provisions to ease tariffs on miscellaneous low-value goods, benefiting the 'Other' category trade between the two nations.
January 15, 2020 (updated tariffs in 2022)
Slight increase in trade volume between the US and China, though tensions remain a risk factor for future trade stability.
Ongoing container shortages and port congestion have disproportionately affected low-value goods shipments, as priority is often given to higher-value cargo.
Throughout 2021-2022
Increased costs and delays for exporters in this category, particularly for small and medium-sized enterprises.