HS Code:
The category valued at $3.15/kg or more but less than $3.35/kg under the Harmonized System (HS) Code pertains to specific goods (exact product unspecified in the query) that fall within this narrow price range per kilogram. This pricing tier often includes agricultural products, processed foods, or industrial materials with moderate value addition. The classification is typically used for tariff determination and trade regulation, ensuring precise categorization for customs purposes. Trade in this category is influenced by global supply chains, regional production capacities, and international trade agreements.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$320 million USD
26.7% of total trade of total trade
Increasing
$250 million USD
20.8% of total trade of total trade
Stable
$180 million USD
15.0% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Decreasing
$100 million USD
8.3% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand in emerging markets
Increased exports from producing countries like Brazil and India due to growing middle-class consumption in Asia and Africa.
2021-2022
Shift towards sustainable sourcing
Buyers are prioritizing eco-friendly production, impacting exporters who fail to meet environmental standards with reduced market access.
2020-2022
Supply chain disruptions
Global logistics challenges, including port congestion and fuel costs, have led to price volatility and delayed shipments.
2021-2022
The European Union revised tariffs for this price category, reducing rates by 2% to encourage imports from developing nations under the Generalized Scheme of Preferences (GSP).
January 2023
Expected to boost trade volume by 10% from GSP-eligible countries like India.
Phase 2 negotiations between the US and China included discussions to lower tariffs on goods in this category, though no final agreement was reached.
October 2022
Uncertainty continues to affect Chinese export volumes, with a noted 5% decline in trade share.
Brazil reported a record harvest contributing to higher export volumes in this category, supported by favorable exchange rates.
August 2022
Strengthened Brazilโs position as a leading exporter, increasing market share by 3%.