HS Code:
The category 'Valued 13.5¢/kg or more but less than 21.6¢/kg' typically refers to a specific subset of goods under the Harmonized System (HS) Code, often associated with agricultural or commodity products such as certain types of grains, seeds, or processed food items. This price range indicates a mid-tier valuation for these goods, making them significant in markets where cost differentiation impacts competitiveness. Products in this category are subject to varying tariffs and trade regulations depending on the country of origin and destination, often influenced by trade agreements, seasonal supply, and global demand fluctuations.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Decreasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.8% ad valorem
Highest Rate
12% (imposed by certain Asian markets)
Lowest Rate
0% (under specific free trade agreements like USMCA)
Rising demand in Asia-Pacific
Increased exports from South American countries due to proximity and trade agreements, leading to a shift in market share.
2021-2022
Climate change affecting supply
Unpredictable weather patterns have reduced yields in key exporting countries, driving up prices and affecting trade volumes.
2020-2022
Shift towards sustainable sourcing
Buyers are prioritizing sustainably produced goods, impacting exporters who fail to meet environmental standards.
2022
A recent trade pact between Brazil and several Asian countries has reduced tariffs on goods in this category, boosting export volumes.
March 2023
Expected to increase Brazil's market share by 5% in the next year.
The European Union introduced new sanitary and phytosanitary regulations targeting imports in this price range, affecting exporters from non-compliant regions.
January 2023
Potential decrease in exports to EU markets by 10% for non-compliant countries.
The United States rolled out a subsidy program to support domestic producers of goods in this category, aiming to reduce reliance on imports.
June 2022
May reduce import volumes from other countries by 3-5% over the next two years.