HS Code:
The category 'Valued 33.6ยข/liters or more but less than 50.4ยข/liters' typically includes specific liquid products, often related to beverages, chemicals, or other industrial liquids falling within this value range per liter. This HS code segment is part of a broader classification for goods traded globally, where valuation determines tariff application and trade regulations. Products in this range are generally mid-tier in terms of pricing, often subject to moderate tariffs and regulatory oversight depending on the nature of the liquid and country-specific policies.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
World Trade Organization (WTO) and UN 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
Decreasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.8% ad valorem
Highest Rate
12% (applied by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for specialty beverages
Increased trade volume in mid-value beverage segments, particularly in North America and Europe
2021-2022
Shift towards sustainable packaging
Higher compliance costs for exporters but improved market access in eco-conscious regions like the EU
2020-2022
Fluctuations in raw material costs
Price volatility affecting export competitiveness, especially for chemical-based liquids
2022
The European Union finalized a tariff reduction agreement with several Asian countries, lowering rates on mid-value liquid imports to 3% from 6%.
June 2023
Expected to boost trade volume by 15% for affected countries in this category.
The US introduced stricter environmental regulations for chemical liquids in this value range, requiring additional certifications.
March 2023
Potential short-term trade disruptions for non-compliant exporters, with a projected 5% dip in imports.
Japan reduced import quotas for mid-value beverages, aiming to diversify supply chains post-pandemic.
January 2023
Increased market access for smaller exporters, potentially raising Japan's share in global trade for this category.