HS Code:
The category 'Valued 10ยข/kg or more but less than 15ยข/kg' typically includes low to mid-value bulk commodities or raw materials under specific Harmonized System (HS) codes. These products often encompass agricultural goods, basic industrial materials, or semi-processed items that fall within this narrow price range. Due to the value constraints, this category is sensitive to fluctuations in global commodity prices, transportation costs, and trade policies. The products are generally traded in large volumes, catering to industries requiring cost-effective inputs for further processing or manufacturing.
Total Trade Volume
Approximately $12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO) Reports
$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
$1.9 billion USD
15.2% of total trade of total trade
Increasing
$1.5 billion USD
12.0% of total trade of total trade
Stable
$1.1 billion USD
8.8% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like NAFTA/USMCA)
Rising demand for cost-effective raw materials in developing economies
Increased exports from agricultural powerhouses like Brazil and India to meet industrial and food processing needs
2021-2022
Fluctuations in global commodity prices due to geopolitical tensions
Price volatility has affected the stability of trade volumes, pushing some products in and out of the 10-15ยข/kg value range
2022
Shift toward sustainable sourcing practices
Countries imposing stricter environmental standards are influencing export patterns, favoring nations with certified sustainable production
2020-2022
A regional trade pact between Mercosur countries has reduced tariffs on goods within this value range, boosting intra-regional trade.
March 2023
Expected to increase trade volume by 10% among member countries like Brazil and Argentina over the next two years.
The European Union imposed temporary anti-dumping duties on specific imports in this category from certain Asian countries to protect local producers.
July 2023
Trade flows redirected to other markets, with a potential 5% decrease in exports to the EU from affected countries.
Ongoing supply chain challenges, including shipping delays and port congestion, have impacted the timely delivery of goods in this value category.
January 2023
Increased transportation costs have pushed some products close to or above the 15ยข/kg threshold, affecting categorization and trade patterns.