HS Code:
This category, valued between 15ยข/kg and less than 25ยข/kg, typically includes agricultural or raw material products with moderate market value. These products are often bulk commodities such as certain grains, seeds, or industrial raw materials that fall within this specific price range. The category is subject to varying tariff rates depending on country-specific trade policies, often influenced by domestic agricultural protectionism or international trade agreements. Products in this range are critical for food security and industrial input in many regions, making their trade patterns significant for global supply chains.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade
Increasing
USD 2.8 billion
22.4% of total trade
Increasing
USD 1.9 billion
15.2% of total trade
Stable
USD 1.5 billion
12.0% of total trade
Decreasing
USD 1.1 billion
8.8% of total trade
Stable
Average Rate
5.3%
Highest Rate
12.0% (imposed by certain developing economies)
Lowest Rate
0.5% (under free trade agreements)
Increased demand for sustainable sourcing
Countries with certified sustainable production practices are gaining market share, pushing exporters to adopt eco-friendly methods.
2021-2022
Fluctuations in global commodity prices
Price volatility due to geopolitical tensions and climate change has led to inconsistent trade volumes in this category.
2020-2022
Shift towards regional trade agreements
Regional blocs are reducing tariffs within their groups, impacting traditional exporters outside these agreements.
2019-2022
A new trade pact between Brazil and Argentina aims to reduce tariffs on products in this price category, boosting intra-regional trade.
March 2023
Expected to increase trade volume by 10% between the two countries, potentially affecting exporters from other regions.
The European Union has introduced stricter sanitary and phytosanitary measures for agricultural imports in this category to ensure food safety.
January 2023
Exporters from developing countries may face higher compliance costs, potentially reducing their competitiveness in the EU market.
Recent negotiations between the US and China have included discussions on reducing tariffs for bulk commodities in this price range.
February 2023
A potential agreement could increase US exports to China by USD 500 million annually in this category.