HS Code:
The category 'Valued 50ยข/liter or more but less than 60ยข/liter' typically pertains to specific liquid commodities or beverages, often within the Harmonized System (HS) Code framework for trade classification. While the exact HS Code is not provided, this category likely includes products such as certain types of wines, spirits, or other beverages priced within this specific value range per liter. This price bracket often indicates mid-range quality products that are traded globally with varying tariff structures and market demands. The trade of such products is influenced by regional production capabilities, consumer preferences, and international trade agreements.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$400 million USD
33.3% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Decreasing
Average Rate
15% ad valorem
Highest Rate
25% (applied by certain Asian markets)
Lowest Rate
5% (under specific EU trade agreements)
Growing demand for mid-range priced beverages in emerging markets
Increased export opportunities for producing countries, particularly in Asia-Pacific and Latin America
2021-2022
Shift towards sustainable and organic products
Producers adopting eco-friendly practices to meet consumer preferences, impacting production costs and pricing
2020-2022
E-commerce boom in beverage sales
Direct-to-consumer channels have boosted trade volumes, especially for niche products in this price range
2020-2022
A revised trade agreement between the EU and several Asian countries reduced tariffs on mid-range beverages, facilitating increased exports from European producers.
March 2023
Expected to boost trade volume by 10-15% over the next two years for products in this category.
The US introduced temporary restrictions on certain beverage imports in this price category due to domestic industry lobbying, affecting key exporters like Spain and Italy.
January 2023
Potential decrease in US market share for affected countries, redirecting trade to other regions.
Several major importing countries have mandated sustainability certifications for beverage products, increasing compliance costs for exporters.
June 2022
Smaller producers may face market entry barriers, while larger firms adapt to new standards.