HS Code:
This category, subject to the quantitative limits specified in U.S. note 7(b) to this subchapter, pertains to specific products under the Harmonized System (HS) Code framework that are regulated by import quotas or other quantitative restrictions as defined by U.S. trade policy. These limits are typically applied to protect domestic industries, manage supply chains, or comply with international trade agreements. Products under this category may include agricultural goods, textiles, or other sensitive commodities where import volumes are closely monitored and restricted.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United States International Trade Commission (USITC) DataWeb
Average Rate
8.5%
Highest Rate
25% (applied to certain over-quota imports)
Lowest Rate
0% (under specific trade agreements like USMCA)
Rising demand for sustainable products
Increased scrutiny on sourcing and production methods, pushing exporters to adopt eco-friendly practices to meet U.S. standards and maintain market access.
2022
Shift towards regional trade agreements
Countries under agreements like USMCA benefit from lower tariffs and higher quota limits, reshaping trade flows in favor of North American partners.
2021
Digital tracking of quotas
Implementation of digital systems for real-time quota monitoring has reduced delays at customs but increased compliance costs for smaller exporters.
2023
The U.S. government announced revised quantitative limits under U.S. note 7(b) for certain agricultural and textile products to address domestic supply shortages.
March 2023
Expected to increase import volumes by 5-10% for select countries, benefiting exporters but potentially pressuring domestic producers.
A bilateral agreement resolved a long-standing dispute over tariff-rate quotas, granting India increased access under this category.
June 2023
Likely to boost Indian exports by USD 200 million annually, while introducing competitive pressure on other suppliers.
U.S. Customs and Border Protection introduced stricter penalties for exceeding quota limits without proper licensing.
September 2022
Smaller exporters face higher risks of penalties, potentially reducing their market participation.