HS Code:
The category valued at 32.4¢/kg or more but less than 48.6¢/kg (specific HS Code not provided) typically includes agricultural or processed food products, such as certain types of dairy, meat, or specialty crops, where pricing is determined by weight and quality standards. This price range often indicates mid-tier products that balance quality and affordability, appealing to a wide range of markets globally. Trade in this category is influenced by seasonal production, regional demand, and tariff barriers.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Decreasing
Average Rate
8.5% ad valorem
Highest Rate
15% (imposed by certain Asian markets)
Lowest Rate
2% (under free trade agreements in the EU)
Rising demand for sustainable sourcing
Increased preference for products with eco-certifications, pushing exporters to adopt greener practices; potentially raising costs but opening premium markets.
2021-2022
Shift towards regional supply chains
Reduced dependency on long-distance imports due to geopolitical tensions and logistics costs, benefiting regional producers.
2022
Digital trade platforms gaining traction
Improved market access for smaller exporters through e-commerce and digital marketplaces, increasing competition.
2020-2022
The European Union finalized a trade agreement with South American countries, reducing tariffs on mid-tier agricultural products in this price range.
June 2023
Expected to boost exports from Brazil by 10-15% over the next two years.
The United States initiated a review of tariffs on imported goods in this category to address supply chain shortages.
March 2023
Potential reduction in tariff rates could increase import volumes by 5% in 2024.
Several importing countries introduced mandatory sustainability certifications for products in this price bracket to combat environmental concerns.
January 2023
Smaller exporters may face entry barriers due to certification costs, consolidating market share among larger players.