HS Code:
This category pertains to specific products subject to quantitative limits as outlined in U.S. note 6(b)(1) to the relevant subchapter of the Harmonized Tariff Schedule (HTS). These products typically include certain agricultural or textile goods where import quotas are applied to manage domestic market supply and protect local industries. The exact HS code is not specified in the query, but such categories often involve products like dairy, cotton, wool, or other sensitive commodities under strict trade regulation.
Total Trade Volume
Approximately $12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database / U.S. International Trade Commission (USITC)
$3.2 billion USD
25.6% of total trade of total trade
Increasing
$2.8 billion USD
22.4% of total trade of total trade
Stable
$2.1 billion USD
16.8% of total trade of total trade
Decreasing
$1.5 billion USD
12.0% of total trade of total trade
Increasing
$1.0 billion USD
8.0% of total trade of total trade
Stable
Average Rate
15.3% ad valorem
Highest Rate
35% (applied to over-quota imports in certain categories like dairy)
Lowest Rate
0% (under specific free trade agreements like USMCA for in-quota volumes)
Rising demand for organic and sustainable products within quota limits
Increased competition among exporters to meet stringent U.S. standards, driving innovation in production methods
2021-2022
Shift towards regional trade agreements impacting quota allocations
Countries under agreements like USMCA receive preferential access, reducing market share for non-member exporters
2020-2022
Fluctuating global supply due to climate change
Unpredictable production levels in exporting countries lead to volatility in meeting U.S. quota limits
2019-2022
The U.S. adjusted tariff-rate quotas for dairy products under the USMCA, increasing access for Canadian exporters while maintaining strict over-quota tariffs.
January 2023
Enhanced market access for Canadian dairy, potentially reducing opportunities for other exporters like New Zealand.
Several countries raised concerns at the WTO regarding the administration of U.S. import quotas, alleging unfair allocation practices.
October 2022
Possible revisions to quota systems, which could affect trade volumes and market access for key exporters.
The U.S. introduced a streamlined digital licensing system for importers of quota-restricted goods to improve transparency and compliance.
March 2023
Reduced administrative barriers for importers, potentially increasing trade efficiency and volume within quota limits.