HS Code:
The category 'Valued 9.2ยข/liter or more but less than 13.8ยข/liter' typically pertains to specific liquid products, often within the beverage or chemical sectors, classified under a specific HS Code (Harmonized System Code). This category includes products such as certain types of wines, spirits, or other alcoholic beverages, depending on the exact HS Code definition. These products are traded globally with varying tariff structures and trade volumes influenced by regional production strengths, consumer preferences, and trade agreements.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 400 million
33.3% of total trade
Increasing
USD 300 million
25.0% of total trade
Stable
USD 200 million
16.7% of total trade
Increasing
USD 150 million
12.5% of total trade
Decreasing
USD 100 million
8.3% of total trade
Stable
Average Rate
15%
Highest Rate
25% (applied by certain Asian markets)
Lowest Rate
5% (under EU trade agreements)
Growing demand for premium beverages
Increased exports from traditional wine-producing countries like France and Italy due to consumer preference for higher-quality products.
2021-2022
Shift towards sustainable packaging
Producers are adopting eco-friendly packaging to meet regulatory and consumer demands, influencing production costs and trade dynamics.
2022
Rising competition from new world producers
Countries like Australia and Chile are gaining market share, challenging traditional European dominance in this price segment.
2020-2022
The EU and US agreed to suspend tariffs on certain alcoholic beverages, including products in this category, as part of broader trade negotiations.
June 2021
Boosted trade volumes between the two regions, particularly benefiting European exporters.
China imposed heavy tariffs on Australian wine imports due to diplomatic disputes, affecting products within this price range.
November 2020
Significant decline in Australian exports to China, redirecting trade to other markets like the UK and US.
Several Asian countries introduced stricter labeling requirements for imported alcoholic beverages to ensure consumer safety.
January 2023
Increased compliance costs for exporters, potentially slowing trade growth in the short term.