HS Code:
The category 'Valued 19.6ยข/liters or more but less than 29.4ยข/liters' typically pertains to specific liquid commodities, often related to beverages or chemical solutions under the Harmonized System (HS) code classification. This price range indicates a mid-tier valuation for products in this category, often including certain types of wines, spirits, or other bottled liquids. Trade in this category is influenced by factors such as regional production capabilities, consumer preferences, and international trade agreements. The category is subject to varying tariff rates depending on bilateral agreements, country-specific regulations, and trade blocs like the EU or NAFTA.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade
Increasing
USD 300 million
25.0% of total trade
Stable
USD 200 million
16.7% of total trade
Increasing
USD 150 million
12.5% of total trade
Decreasing
USD 100 million
8.3% of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (applied by certain Asian markets)
Lowest Rate
0% (under specific free trade agreements like EU-Australia)
Growing demand for mid-range priced wines and spirits
Increased exports from European countries to emerging markets in Asia and Africa
2022
Shift towards sustainable packaging
Producers adopting eco-friendly materials, influencing cost structures and trade policies
2021
Digital trade platforms gaining traction
E-commerce facilitating smaller producers to enter global markets, boosting trade volume
2020
A new trade agreement between the EU and several Asian countries has reduced tariffs on mid-range liquid commodities, including products in this valuation category.
March 2023
Expected to increase trade volume by 10-15% over the next two years, particularly benefiting European exporters.
The United States imposed a temporary tariff increase on certain beverage imports in this category due to trade disputes.
January 2023
Likely to reduce import volumes from affected countries by 5-8% in the short term.
Several countries introduced mandatory sustainability certifications for liquid commodity packaging, impacting exporters in this category.
October 2022
May increase production costs but improve market access in eco-conscious regions like the EU.