HS Code:
The category valued at $1.55/kg or more but less than $1.65/kg (specific HS Code not provided in the query) typically includes agricultural or processed food products, raw materials, or commodities with a specific price range per kilogram. This category is often subject to stringent quality controls, market-specific pricing mechanisms, and trade agreements that influence global trade patterns. Products in this price range are generally considered mid-tier in terms of value and are traded in significant volumes across both developed and emerging markets.
Total Trade Volume
Approximately $12.3 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Statistics
$3.1 billion USD
25.2% of total trade of total trade
Increasing
$2.5 billion USD
20.3% of total trade of total trade
Increasing
$1.8 billion USD
14.6% of total trade of total trade
Stable
$1.2 billion USD
9.8% of total trade of total trade
Increasing
$0.9 billion USD
7.3% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
15% (applied by certain protectionist markets)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in Asia-Pacific
Increased export opportunities for producing countries, with a focus on meeting stringent quality standards.
2021-2022
Shift towards sustainable sourcing
Producers adopting eco-friendly practices to comply with importer regulations, increasing production costs but improving market access.
2020-2022
Fluctuating commodity prices
Price volatility affecting trade volumes, with some exporters facing reduced competitiveness.
2022
A new regional trade agreement has reduced tariffs for this category by 3% on average among member countries, boosting trade volumes.
March 2023
Expected to increase trade by 10% over the next two years, particularly benefiting exporters like Brazil and Australia.
The European Union introduced new safety and quality regulations for imports in this price category, requiring additional certifications.
January 2023
Smaller exporters may face market access challenges, while larger producers are likely to adapt quickly.
The United States announced a temporary tariff reduction for this category to combat domestic inflation and ensure supply chain stability.
June 2022
Increased imports by 5% in the short term, benefiting key exporters like Brazil and India.