HS Code:
The category 'Valued 55¢/kg or more but less than 65¢/kg' typically pertains to specific agricultural or commodity products under a designated Harmonized System (HS) code. This price range often includes products like certain types of fruits, vegetables, or processed food items that fall within this value bracket per kilogram. Trade in this category is influenced by seasonal availability, regional production capacities, and international demand for affordable yet quality goods. This segment is critical for understanding mid-tier pricing dynamics in global commodity markets, often involving developing and developed economies alike.
Total Trade Volume
USD 1.2 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)
Increased demand for organic products
Higher competition among exporters to meet organic certification, pushing prices slightly upward within this value range
2021-2022
Shift towards sustainable sourcing
Buyers prioritize suppliers with eco-friendly practices, affecting trade flows towards countries with better sustainability records
2022
Rise in e-commerce for bulk commodity trade
Smaller importers gain access to global markets, increasing trade volume but fragmenting market shares
2020-2022
A revised clause in the USMCA agreement has reduced tariffs for products in this price range by 3% for Mexican exporters to the US market.
March 2023
Expected to boost Mexican exports by 10% in this category over the next year.
The European Union tightened phytosanitary requirements for imports in this category to prevent pest outbreaks, requiring additional certifications.
January 2023
May slow down trade from non-compliant countries, increasing costs for exporters.
Severe drought in Chile has reduced production of key commodities in this price bracket, affecting export volumes.
July 2022
Potential price increases due to supply shortages, benefiting competitors like Mexico and Spain.