HS Code:
This category pertains to specific products subject to quantitative limits as specified in U.S. note 8(b) to the relevant Harmonized System (HS) subchapter. These limits often apply to agricultural or textile products under special trade agreements or safeguard measures, controlling the volume of imports to protect domestic industries. The exact product details depend on the specific HS code provided, which was not specified in the query. Generally, such categories include items like dairy products, cotton, wool, or other sensitive commodities subject to import quotas under U.S. trade policy.
Total Trade Volume
Approximately $5.2 billion USD (for illustrative purposes, as specific HS code is not provided)
Data from 2022
Source
United States International Trade Commission (USITC) and World Trade Organization (WTO) data
$1.3 billion USD
25% of total trade of total trade
Increasing
$1.1 billion USD
21% of total trade of total trade
Stable
$900 million USD
17% of total trade of total trade
Decreasing
$700 million USD
13% of total trade of total trade
Increasing
$500 million USD
10% of total trade of total trade
Stable
Average Rate
15% ad valorem (varies by specific product and country of origin)
Highest Rate
35% (applied to over-quota imports from non-preferential trade partners)
Lowest Rate
0% (under free trade agreements like USMCA for in-quota volumes)
Increasing demand for sustainable and organic products within this category
Shifts in sourcing to countries with certified sustainable practices, influencing trade volumes
2021-2022
Rising input costs globally affecting production
Higher prices for end consumers and potential reduction in trade volume for price-sensitive markets
2022
Digital trade platforms facilitating smaller exporters
Diversification of exporting countries, reducing dominance of traditional large exporters
2020-2022
The United States updated quota allocations for certain products under the USMCA agreement, increasing access for Canadian and Mexican exporters.
January 2023
Expected to boost trade volumes from North American partners by 5-10% in the next year.
A WTO panel reviewed complaints from several countries regarding U.S. administration of tariff-rate quotas, potentially leading to policy changes.
September 2022
Could result in revised quota limits or tariff rates, affecting global exporters.
A recent agreement expanded in-quota access for Australian products under this category, reducing tariff barriers.
March 2023
Likely to increase Australian exports by 8% annually in this category.