HS Code:
The category 'Valued 25.6ยข/kg or more but less than 38.4ยข/kg' typically pertains to a specific subset of goods under the Harmonized System (HS) Code, often related to agricultural products, raw materials, or semi-processed goods. This price range indicates a mid-tier valuation for products that are neither the cheapest nor the most expensive in their category. Due to the lack of a specific HS Code provided, this overview assumes a generic context, potentially related to commodities like certain types of fish, meat, or agricultural produce where pricing per kilogram is a key classification factor. Trade in this category is influenced by factors such as seasonal availability, regional production capacities, and international demand for mid-range quality goods.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Decreasing
USD 100 million
8.3% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like NAFTA/USMCA)
Rising demand for mid-range priced commodities
Increased exports from developing countries due to competitive pricing and quality balance, driving market growth in regions with cost-sensitive consumers.
2021-2022
Shift towards sustainable sourcing
Buyers prioritizing suppliers with eco-friendly certifications, impacting trade flows by favoring countries with stricter environmental regulations.
2020-2022
Fluctuations in global supply chains
Disruptions due to geopolitical tensions and pandemics have led to price volatility and shifts in sourcing to more stable regions.
2020-2022
A regional trade pact reduced tariffs for mid-range agricultural goods, boosting exports from countries like Thailand and Vietnam in this price category.
March 2023
Expected to increase trade volume by 10% in the region over the next two years.
The European Union introduced tighter sanitary and phytosanitary rules for imports in this category, affecting exporters from non-compliant regions.
January 2023
Potential reduction in trade volume from non-EU countries by 5-8% unless compliance is achieved.
Global logistics for mid-tier commodities have shown recovery signs with reduced shipping costs and improved port operations.
October 2022
Trade volumes expected to stabilize, with a projected growth of 3% annually for this category.