HS Code:
The product category valued between 24.6¢/kg and less than 36.9¢/kg (specific HS Code not provided) typically includes agricultural or processed food products, such as certain types of meat, dairy, or vegetable products, depending on the exact classification. This value range often indicates mid-tier quality or processed goods that are subject to specific tariffs and trade regulations globally. Trade in this category is influenced by factors such as regional production capacities, seasonal variations, and international trade agreements.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain Asian markets)
Lowest Rate
2% (under specific free trade agreements)
Rising demand in developing economies
Increased exports to Asia and Africa due to population growth and changing dietary preferences
2021-2022
Shift towards sustainable sourcing
Exporters adopting eco-friendly practices to meet stringent regulations in the EU and North America
2020-2022
Impact of supply chain disruptions
Higher shipping costs and delays affecting trade volumes and pricing
2021-2022
A new trade agreement between the EU and several South American countries has reduced tariffs for products in this category, boosting export potential for countries like Brazil.
June 2023
Expected increase in trade volume by 10-15% over the next two years
The United States adjusted import quotas for this category, allowing an additional 5% volume from select trading partners.
March 2023
Positive for exporters like Australia and Brazil, though limited by SPS requirements
Certain Asian countries imposed temporary import bans due to health and safety concerns over product quality.
January 2023
Short-term decline in trade volume to affected markets, redirecting exports to other regions