HS Code:
The category valued at $1.45/kg or more but less than $1.75/kg (specific HS Code not provided) typically includes agricultural or processed food products, industrial raw materials, or other commodities falling within this price range per kilogram. This price bracket often represents mid-tier goods in terms of quality or processing level, traded globally with varying tariff structures and demand patterns. Products in this range may include certain grains, processed fruits, or base metals depending on the exact HS classification.
Total Trade Volume
Approximately $12.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$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
$1.5 billion USD
12.0% of total trade of total trade
Increasing
$1.1 billion USD
8.8% of total trade of total trade
Decreasing
$0.9 billion USD
7.2% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing economies to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for sustainable sourcing
Increased trade in certified products meeting environmental standards, influencing supply chains in major exporters like Brazil and the US
2021-2022
Fluctuating commodity prices due to geopolitical tensions
Price volatility has affected trade volumes, with some countries stockpiling goods, impacting exporters like China and India
2022
Shift towards regional trade agreements
Reduced tariffs within blocs like the EU and ASEAN have redirected trade flows, benefiting member countries over traditional exporters
2020-2022
The European Union introduced a revised tariff structure for mid-value commodities, lowering rates for sustainable products in this category to encourage green trade.
March 2023
Expected to boost imports from certified suppliers in developing countries while pressuring non-compliant exporters.
Recent negotiations between the US and China included discussions on reducing tariffs for goods in this price range to ease trade tensions.
June 2023
Potential increase in bilateral trade volume if agreements are finalized, benefiting both economies.
Brazil imposed temporary export quotas on certain commodities in this category due to domestic supply shortages caused by adverse weather conditions.
September 2023
Reduced global supply, driving up prices and affecting importing countries reliant on Brazilian goods.