HS Code:
The 'Valued 25ยข/kg or more' category under the Harmonized System (HS) Code typically refers to a specific subset of goods, often agricultural or commodity products, valued at 25 cents or more per kilogram. This category can include a variety of products such as certain types of fruits, vegetables, or processed food items, depending on the specific HS code subheading. The valuation threshold often indicates a focus on higher-quality or premium goods within the broader product category. Trade in this category is influenced by seasonal availability, quality standards, and international demand for premium products.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade
Increasing
USD 2.1 billion
16.8% of total trade
Stable
USD 1.8 billion
14.4% of total trade
Increasing
USD 1.5 billion
12.0% of total trade
Increasing
USD 1.0 billion
8.0% of total trade
Stable
Average Rate
8.5%
Highest Rate
35% (imposed by certain developing countries to protect local markets)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Growing demand for organic and sustainably sourced products
Increased trade volume in premium categories as consumers prioritize quality and environmental impact
2021-2022
Rise in e-commerce and direct-to-consumer channels
Smaller exporters gaining access to global markets, boosting trade volumes in niche segments
2020-2022
Climate change affecting production cycles
Shifts in supply chains as certain regions face production declines while others emerge as new suppliers
2019-2022
The European Union signed a new trade agreement with several Latin American countries, reducing tariffs on agricultural products valued at 25ยข/kg or more.
June 2023
Expected to increase trade volume by 10% over the next five years, particularly benefiting exporters from Mexico and Peru.
The United States introduced temporary import quotas on certain products in this category to protect domestic farmers during the harvest season.
March 2023
Potential short-term reduction in imports from key suppliers like Spain and Italy, with a shift towards alternative markets.
Major importers in Europe and North America are increasingly requiring sustainability certifications for products in this value category.
January 2023
Smaller producers may face barriers to entry, while larger exporters with certification capabilities gain market share.