HS Code:
The category 'Valued $1.75/kg or more but less than $1.85/kg' typically pertains to specific agricultural or food products under the Harmonized System (HS) Code classification. This price range often includes commodities such as certain types of fresh or dried fruits, vegetables, or other perishable goods where value per kilogram is a critical determinant of trade classification. This segment is significant in global trade due to its sensitivity to price fluctuations, quality standards, and seasonal availability. The category is subject to varying tariff structures and trade agreements that influence its market dynamics.
Total Trade Volume
USD 2.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
15% (imposed by certain Asian markets)
Lowest Rate
0% (under specific free trade agreements like USMCA)
Rising demand for organic products
Increased trade volume as consumers in developed markets prioritize organic and sustainably sourced goods, pushing exporters to certify products in this price range.
2021-2022
Fluctuating currency exchange rates
Exporters in countries with weaker currencies gain competitive advantage, while importers face higher costs, affecting trade flows.
2022
Climate change impacts
Unpredictable weather patterns have led to supply shortages in key producing regions, driving price volatility within this narrow value bracket.
2020-2022
The European Union revised its tariff structure for agricultural imports in this value range, reducing rates by 2% to encourage trade with developing countries.
March 2023
Expected to increase imports from Latin American and African countries by 10% over the next year.
An amendment to the USMCA agreement eliminated tariffs for specific commodities in this price category traded between the US, Mexico, and Canada.
January 2023
Boosted trade volume by 15% among member countries, particularly benefiting Mexican exporters.
Several Asian countries introduced stricter phytosanitary checks for imports in this category to prevent pest outbreaks.
September 2022
Caused temporary delays and a 5% drop in exports to these markets due to compliance costs.