HS Code:
The category 'Valued 16.4¢/kg or more but less than 24.6¢/kg' typically includes specific agricultural or processed food products under the Harmonized System (HS) Code classification. This price range often pertains to commodities such as certain types of fruits, vegetables, or processed goods that fall within mid-tier pricing. These products are traded globally with varying tariff structures and trade agreements influencing their market dynamics. The category is significant for countries with strong agricultural exports and is often subject to seasonal fluctuations and trade policy changes.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing nations)
Lowest Rate
0% (under free trade agreements like USMCA)
Rising demand for organic products within this price range
Increased export opportunities for countries with organic certification standards, potentially raising trade volume by 10-15% annually
2022
Impact of climate change on agricultural yields
Reduced supply in key exporting regions due to adverse weather, leading to price volatility and supply chain disruptions
2021-2022
Growth in e-commerce for agricultural trade
Small and medium enterprises gaining access to international markets, boosting trade volume by approximately 8% in this category
2022
The European Union introduced a revised tariff quota system for agricultural imports in this price range, aiming to balance domestic production with import needs.
March 2023
Potential reduction in trade volume for non-EU exporters by 5-7% due to stricter quotas, while benefiting EU farmers.
A resolution under the USMCA agreement addressed tariff disputes on agricultural products, reducing tariffs for Mexican exports in this category.
June 2023
Increased trade volume from Mexico to the US by an estimated USD 20 million annually.
Major importing countries like Germany and France have pushed for stricter sustainability certifications for products in this price range.
September 2023
May increase production costs for exporters but improve market access for compliant producers, with a projected 3-5% trade growth for certified goods.