HS Code:
The 'Valued $1.45/kg or more' category, typically associated with high-value agricultural or processed food products under specific HS Codes (exact code not provided), includes premium goods such as specialty crops, processed meats, or high-grade dairy products. These products are often traded globally due to their quality, branding, or unique production methods, catering to niche markets or premium consumer segments. Trade in this category is influenced by factors such as consumer demand for organic or sustainably sourced goods, geopolitical trade agreements, and seasonal production variations.
Total Trade Volume
Approximately $15.3 billion USD
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO) Reports
$3.8 billion USD
24.8% of total trade of total trade
Increasing
$2.5 billion USD
16.3% of total trade of total trade
Stable
$1.9 billion USD
12.4% of total trade of total trade
Increasing
$1.6 billion USD
10.5% of total trade of total trade
Stable
$1.2 billion USD
7.8% of total trade of total trade
Increasing
Average Rate
8.5% ad valorem
Highest Rate
25% (imposed by certain developing economies for market protection)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or CPTPP)
Rising demand for organic and sustainably sourced products
Increased trade volumes in regions with certifications for organic production, such as the EU and North America, driving up prices and market access for certified exporters.
2021-2022
Growth in e-commerce and direct-to-consumer channels
Smaller exporters and specialty producers gain access to global markets, reducing dependency on traditional bulk trade routes and increasing trade diversity.
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary trade declines in key markets due to port delays, sanctions, or export bans, particularly affecting high-value perishables with short shelf lives.
2022
The European Union introduced new sanitary and phytosanitary measures for high-value agricultural imports to ensure compliance with sustainability and safety standards.
March 2023
Increased compliance costs for exporters, potentially reducing trade volumes from non-compliant regions while benefiting certified producers.
A revised trade agreement between the US and China reduced tariffs on select high-value agricultural goods, boosting bilateral trade in this category.
January 2023
Expected increase in US exports to China by 15% in 2023, strengthening market access for American producers.
Severe droughts in key South American exporting countries like Brazil and Argentina led to reduced yields of high-value crops, affecting global supply.
July 2022
Price surges of up to 20% for affected products, benefiting alternative suppliers in North America and Europe.