HS Code:
HS Code 1702.30.28 refers to 'Glucose and glucose syrup, not containing fructose or containing in the dry state less than 20% by weight of fructose, other than those provided for in subheading 1702.30.22.' This category primarily includes specific glucose products used in food processing, pharmaceuticals, and other industrial applications. These products are critical in industries requiring sweeteners or stabilizers with specific chemical compositions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.3%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for low-fructose sweeteners
Increased imports in health-conscious markets like the EU and North America due to consumer preference for low-fructose alternatives in processed foods.
2021-2022
Shift towards bio-based glucose production
Growing adoption of sustainable production methods is influencing trade patterns, with countries like Brazil and China investing in bio-based glucose, affecting export competitiveness.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade routes and supply chains have been affected by global events, leading to price volatility and shifts in sourcing strategies for glucose products.
2022
The European Union introduced stricter regulations on glucose imports under HS 1702.30.28 to ensure compliance with food safety standards, impacting exporters from non-EU countries.
March 2023
Non-compliant exporters face market access challenges, potentially increasing costs for certification and testing.
A new phase of trade negotiations between the US and China included reduced tariffs on glucose products, boosting bilateral trade in this category.
January 2023
Increased export opportunities for US glucose producers, with China expected to import more to meet industrial demand.
Severe drought conditions in Brazil have led to reduced output of raw materials for glucose production, impacting export volumes in 2023.
June 2023
Global buyers are shifting to alternative suppliers in the US and Europe, potentially increasing prices in the short term.