HS Code:
The 'Valued 30ยข/kg or more' category under the Harmonized System (HS) Code typically refers to specific agricultural or food products, such as certain types of fresh or processed fruits, vegetables, or other commodities, where the value per kilogram exceeds 30 cents. This category is often used to differentiate higher-value goods from bulk or lower-value commodities for tariff and trade purposes. Products in this category are generally premium or specialized items with significant demand in international markets, often subject to specific trade agreements and quality standards.
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
6.5%
Highest Rate
15% (applied 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 exports from countries with strong organic certification systems, such as the Netherlands and Spain
2021-2022
Rise in e-commerce for perishable goods
Enhanced cold chain logistics and faster delivery systems have boosted trade volumes, particularly for high-value perishables
2020-2022
Trade tensions and retaliatory tariffs
Temporary disruptions in trade flows due to geopolitical issues, affecting exporters like the United States
2019-2021
Negotiations have advanced for tariff reductions on high-value agricultural products, potentially benefiting exporters from Spain and Italy.
June 2023
Expected to increase trade volume by 10-15% over the next five years for this category.
Revised rules under the USMCA have streamlined phytosanitary checks, easing export processes for Mexican and U.S. producers.
January 2023
Reduced trade barriers, leading to a projected 5% growth in trade volume in 2023.
The EU introduced stricter organic certification requirements, impacting non-EU exporters who must now comply with additional regulations.
March 2023
Short-term trade slowdowns for non-compliant exporters, with long-term benefits for quality assurance.