HS Code:
This category, valued between $5.20/kg and less than $6.20/kg, typically includes specific agricultural or processed food products under the Harmonized System (HS) Code structure. Products in this price range often encompass specialty items like certain types of dairy, meat, or processed fruits and vegetables, which are subject to strict quality and safety regulations globally. Trade in this category is influenced by seasonal availability, regional production capacities, and international demand for premium or niche products.
Total Trade Volume
USD 1.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain Asian markets)
Lowest Rate
2% (under free trade agreements in the EU)
Rising demand for organic and sustainably sourced products
Increased trade volume as consumers prioritize ethical and environmentally friendly goods, pushing exporters to adopt certifications.
2021-2022
Supply chain disruptions due to geopolitical tensions
Temporary reductions in export volumes from key regions, leading to price volatility and shifts in trade routes.
2022
Technological advancements in cold chain logistics
Enhanced ability to transport perishable goods over long distances, boosting trade from distant exporters like Australia and Brazil.
2020-2022
The European Union introduced stricter SPS measures for products in this price category to ensure compliance with food safety standards.
March 2023
Potential short-term reduction in exports to the EU as exporters adapt to new certification processes.
A revised trade agreement reduced tariffs on select agricultural products in this category, facilitating increased exports from the US to China.
January 2023
Expected growth in US trade volume by 10-15% over the next year.
Severe drought conditions in key agricultural regions of Australia led to a decline in production and export capacity for this category.
October 2022
Reduction in Australian trade volume, creating opportunities for competitors like Brazil and the Netherlands.