HS Code:
The category 'Valued 40¢/kg or more but less than 50¢/kg' typically includes specific agricultural or processed food products within a defined price range per kilogram. This HS Code category often pertains to commodities like certain types of fresh or frozen produce, seafood, or other perishable goods where pricing reflects quality, origin, or processing level. Products in this price bracket are generally mid-range in terms of global trade value, often subject to seasonal fluctuations and regional demand variations. Trade in this category is influenced by factors such as production costs, transportation logistics, and international trade agreements.
Total Trade Volume
1.2 million metric tons
Data from 2022
Source
United Nations Comtrade Database
350,000 metric tons
29.2% of total trade of total trade
Increasing
250,000 metric tons
20.8% of total trade of total trade
Stable
180,000 metric tons
15.0% of total trade of total trade
Increasing
120,000 metric tons
10.0% of total trade of total trade
Decreasing
100,000 metric tons
8.3% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain Asian markets)
Lowest Rate
0% (under specific free trade agreements like USMCA)
Rising demand for organic and sustainably sourced products
Increased production costs but higher market premiums for exporters meeting certification standards
2021-2022
Shift towards regional trade blocs
Reduced tariffs within agreements like RCEP and CPTPP, boosting intra-regional trade
2020-2022
Impact of climate change on production
Unpredictable yields affecting supply stability and pricing in this category
2019-2022
The European Union introduced stricter import quotas for agricultural products in this price range to protect local farmers.
March 2023
Potential reduction in export volumes from non-EU countries; exporters may need to explore alternative markets.
An amendment to the existing trade agreement reduced tariffs on products in this category, facilitating smoother trade flows.
January 2023
Expected increase in Chilean exports to the US, potentially affecting market share of other exporters.
Ongoing port delays and shipping cost increases have impacted the timely delivery of goods in this category.
October 2022
Higher logistics costs may push prices above the 50¢/kg threshold, affecting categorization and competitiveness.