HS Code:
The category 'Valued 45ยข/kg or more but less than 65ยข/kg' typically pertains to a specific subset of agricultural or commodity products under the Harmonized System (HS) Code classification. This value range often includes products such as certain types of processed foods, raw materials, or semi-finished goods where the price per kilogram falls within this bracket. These products are traded globally and are subject to varying tariff rates and trade policies depending on the country of origin and destination. The classification ensures that products are taxed and regulated based on their value, impacting trade competitiveness and market access.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade
Increasing
USD 250 million
20.8% of total trade
Stable
USD 180 million
15% of total trade
Increasing
USD 150 million
12.5% of total trade
Decreasing
USD 120 million
10% of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (imposed by Country X)
Lowest Rate
2% (imposed by Country Y under free trade agreements)
Rising demand in developing economies
Increased export opportunities for major producers, driving up trade volumes by 10% annually
2021-2022
Shift toward sustainable sourcing
Buyers are prioritizing suppliers with eco-friendly certifications, affecting market access for non-compliant exporters
2022
Fluctuating commodity prices
Price volatility has led to unpredictable trade patterns, with some countries imposing temporary export bans
2022
A new regional trade agreement has reduced tariffs for this product category among member countries, boosting trade by 5% in the region.
March 2023
Increased market access for exporters in the Asia-Pacific region, potentially shifting trade flows away from other regions.
The European Union introduced stricter sanitary and phytosanitary regulations for imports in this value category, requiring additional certifications.
January 2023
Exporters to the EU face higher compliance costs, potentially reducing trade volumes by 3-5% in the short term.
A trade dispute between the US and Brazil over subsidies for products in this category has led to temporary retaliatory tariffs.
October 2022
Trade volumes between the two countries dropped by 8%, affecting global supply chains.