HS Code:
This category, subject to the quantitative limits specified in U.S. note 11 to this subchapter, typically includes specific agricultural or textile products under the Harmonized System (HS) code framework. These products are subject to import quotas as defined by U.S. trade regulations to protect domestic industries or comply with international trade agreements. The category often encompasses goods like dairy products, cotton, wool, or other commodities with restricted import volumes to balance trade and ensure market stability.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United States International Trade Commission (USITC) DataWeb
Average Rate
5.2%
Highest Rate
35% (specific dairy products under quota limits)
Lowest Rate
0% (under certain free trade agreements)
Increased demand for organic and sustainable products
Shift in import composition towards certified organic goods within quota limits, influencing pricing and supplier selection
2021-2022
Rising input costs globally
Higher production costs in exporting countries leading to increased prices for quota-limited goods
2022
Trade agreement renegotiations
Adjustments in quota allocations under agreements like USMCA affecting trade flows from North American partners
2020-2022
Revised tariff-rate quotas for dairy products under the U.S.-Mexico-Canada Agreement, increasing access for U.S. neighbors within specified limits.
January 2023
Enhanced market access for Canadian and Mexican exporters, potentially increasing competition for domestic producers.
Negotiations concluded to slightly expand New Zealand’s dairy export quota to the U.S. under existing trade frameworks.
March 2023
Marginal increase in New Zealand’s market share, impacting price dynamics for dairy products within the quota system.
Resolution of a long-standing trade dispute led to temporary relaxation of over-quota tariffs for certain EU agricultural goods.
July 2022
Temporary boost in EU exports to the U.S., potentially affecting domestic market prices in the short term.