HS Code:
The category valued at 8.8ยข/liter or more but less than 13.2ยข/liter typically includes specific liquid products, often related to beverages, chemicals, or other liquid commodities under specific HS codes (exact code not provided). This price range indicates a mid-tier valuation for such products in global trade, often subject to varying tariffs and regulations based on country-specific trade agreements and product classifications. This category may encompass products like certain types of wines, spirits, or industrial liquids, depending on the precise HS code.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
UN Comtrade Database
USD 350 million
29.2% of total trade
Increasing
USD 280 million
23.3% of total trade
Stable
USD 150 million
12.5% of total trade
Increasing
USD 120 million
10.0% of total trade
Stable
USD 100 million
8.3% of total trade
Decreasing
Average Rate
6.5%
Highest Rate
12% (applied by certain developing economies)
Lowest Rate
0% (under specific free trade agreements like EU-USMCA)
Rising demand for premium mid-range beverages
Increased exports from European countries, particularly France and Italy, due to demand for wines and spirits in this price bracket.
2021-2022
Shift towards sustainable packaging
Higher compliance costs for exporters but improved market access in eco-conscious regions like the EU.
2022
Geopolitical tensions affecting trade routes
Delays and increased shipping costs for transatlantic trade, impacting delivery timelines and pricing.
2022-2023
The European Union reduced tariffs on mid-range liquid imports from select trade partners to boost market access.
June 2023
Expected to increase trade volume by 5-7% for exporters like the US and Canada.
Negotiations between the US and China included discussions on reducing barriers for mid-range liquid commodities.
March 2023
Potential for increased market access in China, though no final agreement has been reached.
Countries like Australia and Japan introduced stricter labeling requirements for imported liquids in this price range.
January 2023
Increased compliance costs for exporters, potentially slowing trade growth in the region.