HS Code:
This category, valued between $3.20/kg and less than $4.20/kg, typically includes mid-range agricultural or processed food products under a specific HS Code (not provided in the query). Products in this price range often consist of semi-processed goods, specialty crops, or packaged food items that are traded globally with moderate tariffs and regulations. The category is significant in international trade due to its balance of affordability and quality, appealing to a wide range of markets from developing to developed economies.
Total Trade Volume
USD 1.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
30% of total trade
Increasing
USD 300 million
20% of total trade
Stable
USD 225 million
15% of total trade
Increasing
USD 150 million
10% of total trade
Decreasing
USD 75 million
5% of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (imposed by certain Asian markets)
Lowest Rate
2% (under free trade agreements in North America)
Rising demand for organic products in this price range
Increased exports from countries with organic certification standards, impacting market share of conventional producers
2021-2022
Shift towards sustainable packaging
Higher production costs for exporters but improved market access in eco-conscious regions like the EU
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary trade volume declines in key exporting regions, pushing prices upwards
2022
A revised trade agreement has reduced tariffs on products in this category between the US, Canada, and Mexico, boosting trade volume.
January 2023
Expected 10% increase in trade volume among member countries over the next two years.
The European Union introduced stricter sanitary and phytosanitary regulations affecting imports in this price category, requiring additional certifications.
March 2023
Potential delays and cost increases for exporters targeting the EU market.
Brazil announced investments in agricultural infrastructure to increase output of products falling under this price range.
June 2023
Likely to strengthen Brazilโs position as a leading exporter, potentially lowering global prices.