HS Code:
The category 'Valued $1.55/kg or more but less than $1.85/kg' typically includes specific agricultural or food products falling under a particular Harmonized System (HS) code. This price range often relates to commodities like certain types of fruits, vegetables, or processed food items where value per kilogram is a critical determinant for classification. Products in this category are subject to varying tariffs and trade regulations depending on country-specific agreements and market conditions. This category is significant in global trade due to its relevance in food security and agricultural export economies.
Total Trade Volume
Approximately $2.3 billion USD
Data from 2022
Source
World Trade Organization (WTO) and International Trade Centre (ITC) Trade Map
$650 million USD
28.3% of total trade of total trade
Increasing
$480 million USD
20.9% of total trade of total trade
Stable
$320 million USD
13.9% of total trade of total trade
Increasing
$250 million USD
10.9% of total trade of total trade
Increasing
$150 million USD
6.5% of total trade of total trade
Stable
Average Rate
8.5% ad valorem
Highest Rate
15% (imposed by certain developing nations)
Lowest Rate
0% (under free trade agreements like USMCA and EU trade deals)
Rising demand for organic and sustainably sourced products
Increased market share for countries with strong organic certification systems, such as the Netherlands and Spain
2021-2022
Impact of climate change on production
Disruptions in supply chains due to erratic weather patterns, affecting export volumes from countries like Chile and Mexico
2020-2022
Growth in e-commerce and direct-to-consumer channels
Smaller exporters gaining access to global markets, boosting trade volumes for niche products in this price range
2022
The European Union signed a new trade agreement with Latin American countries, reducing tariffs for agricultural products in this price category to 0-2%.
June 2023
Expected to increase trade volume from countries like Chile and Mexico by 10-15% over the next two years.
The United States adjusted import quotas for certain agricultural commodities in this price range to address domestic supply shortages.
March 2023
Likely to benefit exporters like Spain and the Netherlands with a projected 5% increase in trade volume.
Several Asian countries tightened sanitary and phytosanitary regulations, impacting exporters failing to meet new standards.
January 2023
Potential decrease in market access for smaller exporters without compliance infrastructure.