HS Code:
The 'Valued $1/kg or more' category typically includes high-value goods such as electronics, machinery, pharmaceuticals, and luxury items under various HS codes. These products are characterized by their high price-to-weight ratio, often reflecting advanced technology, branding, or specialized manufacturing processes. This category is a significant driver of global trade due to the high economic value of the goods involved, often representing innovation and industrial capability of exporting nations.
Total Trade Volume
USD 5.2 trillion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
USD 1.1 trillion
21.2% of total trade of total trade
Increasing
USD 950 billion
18.3% of total trade of total trade
Increasing
USD 620 billion
11.9% of total trade of total trade
Stable
USD 480 billion
9.2% of total trade of total trade
Stable
USD 350 billion
6.7% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
25% (imposed by certain countries on specific electronics and luxury goods)
Lowest Rate
0% (under free trade agreements like USMCA or EU-Japan EPA)
Rise in demand for high-tech electronics
Increased trade volume for semiconductors and consumer electronics, especially from East Asian countries.
2021-2022
Shift toward sustainable and green technology
Growing exports of electric vehicle components and renewable energy equipment, particularly from Europe and the US.
2022
Supply chain diversification
Countries are seeking alternative suppliers for high-value goods to reduce dependency on single markets like China, boosting trade in Southeast Asia.
2020-2022
Continued imposition of tariffs on high-value electronics and machinery as part of the ongoing trade dispute between the US and China.
Mid-2022
Increased costs for consumers and shifts in supply chains to countries like Vietnam and Taiwan.
The European Union introduced stricter regulations on digital and electronic products to ensure data privacy and environmental compliance.
January 2023
Potential barriers to entry for non-compliant exporters, but opportunities for companies meeting green standards.
Efforts to ramp up production of semiconductors have led to increased trade in high-value components, with significant investments in domestic manufacturing.
Late 2022
Stabilization of supply chains for electronics and automotive industries, benefiting key exporters like South Korea and Taiwan.