HS Code:
The category 'Valued 26ยข/kg or more but less than 39ยข/kg' typically pertains to specific agricultural or processed food products under the Harmonized System (HS) Code classification. This price range often includes bulk commodities such as certain grains, seeds, or low-to-mid value processed foods. These products are traded globally in large volumes due to their essential nature in food supply chains, with pricing reflecting quality, origin, and market demand. Trade in this category is influenced by seasonal variations, regional production capacities, and international trade agreements.
Total Trade Volume
Approximately 12.5 million metric tons
Data from 2022
Source
United Nations Comtrade Database
3.2 million metric tons
25.6% of total trade of total trade
Increasing
2.8 million metric tons
22.4% of total trade of total trade
Increasing
1.9 million metric tons
15.2% of total trade of total trade
Stable
1.5 million metric tons
12.0% of total trade of total trade
Decreasing
1.1 million metric tons
8.8% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like USMCA)
Rising demand in developing economies
Increased export opportunities for major producers like the US and Brazil due to population growth and urbanization in Asia and Africa.
2021-2022
Climate change affecting production
Unpredictable weather patterns have led to supply shortages in key regions, driving price volatility within this value range.
2020-2022
Shift towards sustainable farming
Growing preference for sustainably sourced products is pushing exporters to adopt certifications, potentially increasing costs but also market access.
2022
A bilateral trade agreement between Brazil and Argentina has reduced tariffs on products within this value range, boosting intra-regional trade.
March 2023
Expected to increase trade volume by 10% between the two countries over the next two years.
The European Union introduced new sanitary and phytosanitary regulations targeting imports in this category to ensure food safety.
January 2023
Exporters to the EU may face higher compliance costs, potentially reducing trade volumes by 5% in the short term.
Severe drought in key agricultural states of the US has reduced output of products in this value category, leading to tightened global supply.
July 2022
Global prices have risen by 8%, benefiting other exporters like Brazil and Australia.