HS Code:
The 'Put up for retail sale' category under the Harmonized System (HS) Code typically refers to products that are packaged and prepared for direct sale to consumers. This category often includes a wide range of goods such as food items, cosmetics, pharmaceuticals, and other consumer products that are ready for retail distribution without further processing. These products are critical in global trade due to their direct impact on consumer markets and retail industries worldwide.
Total Trade Volume
USD 1.2 trillion
Data from 2022
Source
United Nations Comtrade Database
USD 250 billion
20.8% of total trade of total trade
Increasing
USD 200 billion
16.7% of total trade of total trade
Increasing
USD 120 billion
10.0% of total trade of total trade
Stable
USD 80 billion
6.7% of total trade of total trade
Stable
USD 60 billion
5.0% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries for luxury goods)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Rising demand for sustainable packaging
Increased costs for producers but higher consumer trust and market share for eco-friendly brands
2021-2023
Growth in e-commerce retail sales
Shift towards smaller, consumer-friendly packaging sizes to accommodate direct-to-consumer shipping
2020-2022
Increased regulation on product safety
Higher compliance costs but improved consumer safety and reduced liability for manufacturers
2019-2023
The European Union introduced stricter regulations on single-use plastics in retail packaging, pushing companies to adopt biodegradable materials.
January 2023
Increased production costs for companies exporting to the EU, but potential for long-term sustainability benefits and market preference.
A new bilateral agreement reduced tariffs on certain retail goods, facilitating smoother trade flows between the two largest economies.
March 2022
Boosted trade volumes for retail products, benefiting exporters in both countries with reduced costs.
Ongoing supply chain issues due to geopolitical tensions and port delays have affected the availability of retail-ready products in multiple regions.
Throughout 2022
Increased prices and delayed deliveries, prompting retailers to seek local suppliers or diversify sourcing strategies.