HS Code:
The category 'Valued 5.75¢/liter or more but less than 9.2¢/liter' typically includes specific liquid products such as certain types of beverages, chemicals, or other liquid commodities falling within this value range per liter. This HS Code category (exact code not specified in the query) is part of the Harmonized System used globally to classify traded goods. Products in this value bracket often represent mid-tier pricing for bulk liquids and are subject to varying tariffs based on country-specific trade agreements and regulations.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 300 million
25% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Decreasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
2% (under free trade agreements like EU-US TTIP provisions)
Rising demand for mid-tier priced beverages
Increased trade volume in developing economies due to growing middle-class purchasing power
2021-2022
Shift towards sustainable packaging
Higher compliance costs for exporters to meet environmental regulations in key markets like the EU
2022
Digital tracking of liquid shipments
Improved supply chain transparency, reducing losses and aiding tariff compliance
2020-2022
The European Union revised tariffs on mid-value liquid imports to align with sustainability goals, impacting products in this category.
March 2023
Potential increase in costs for exporters outside the EU, with a push towards greener packaging solutions.
A new bilateral agreement reduced tariffs on specific liquid commodities in this value range, fostering greater trade between the two nations.
January 2023
Expected growth in trade volume by 10-15% for US and Chinese exporters in 2023.
Several Asia-Pacific countries introduced stricter sanitary checks for liquid imports, affecting trade flows in this category.
June 2022
Delays in shipments and increased compliance costs for exporters targeting these markets.