HS Code:
The category 'Valued 20ยข/kg or more but less than 25ยข/kg' typically includes specific agricultural or raw material products that fall within this narrow price range per kilogram. While the exact HS Code is not specified, this category often pertains to commodities like certain types of unprocessed grains, seeds, or other bulk food items traded internationally. These products are generally low-to-mid value goods with high volume trade, often used as inputs for food processing or animal feed industries. The pricing bracket indicates a moderate quality or market positioning, often influenced by factors such as origin, seasonality, and global supply-demand dynamics.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$350 million USD
29.2% of total trade of total trade
Increasing
$280 million USD
23.3% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
$80 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.8% ad valorem
Highest Rate
15% (imposed by certain developing economies for market protection)
Lowest Rate
0% (under free trade agreements such as USMCA or EU trade pacts)
Rising demand in Asia-Pacific for animal feed inputs
Increased export volumes from the Americas to countries like China and Vietnam, driving price stability within the 20-25ยข/kg range
2021-2022
Climate-driven supply disruptions
Droughts and adverse weather in key exporting regions have led to temporary shortages, pushing some products temporarily out of this price bracket
2022
Shift towards sustainable sourcing
Buyers increasingly prioritize sustainably grown or certified products, influencing trade patterns and potentially increasing costs for non-compliant exporters
2020-2022
A regional trade pact between Brazil and Argentina has reduced tariffs on bulk agricultural goods, including products in this price category, to boost intra-regional trade.
March 2023
Expected to increase trade volume by 10-15% between these countries, potentially affecting global supply chains.
The European Union introduced stricter SPS measures for agricultural imports to combat pest risks, impacting exporters of products in this price range.
January 2023
Increased compliance costs for exporters, with potential delays at EU ports for non-compliant shipments.
Recent negotiations have led to a temporary waiver on retaliatory tariffs for certain agricultural goods, including those in the 20-25ยข/kg range, as part of broader trade de-escalation efforts.
October 2022
Likely to boost US exports to China, stabilizing prices and increasing trade volume in this category.