HS Code:
The 'Valued over $2.38 but not over $3.43/liter' category typically pertains to specific liquid products, often alcoholic beverages such as wines or spirits, classified under the Harmonized System (HS) Code for tariff and trade purposes. This price range indicates a mid-tier product segment, balancing quality and affordability, and is significant in international trade for both exporters and importers targeting middle-income consumer markets. Products in this range are subject to varying tariffs and regulations depending on regional trade agreements and domestic policies.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
12.5%
Highest Rate
25% (applied by certain Asian markets)
Lowest Rate
0% (under specific free trade agreements like EU-USMCA)
Growing demand in emerging markets
Increased exports to countries in Asia and Africa due to rising middle-class purchasing power
2021-2022
Shift towards sustainable packaging
Producers adopting eco-friendly bottles and labels to meet consumer and regulatory demands
2022
Impact of global supply chain disruptions
Higher shipping costs and delays affecting trade volumes and pricing
2020-2022
A new trade agreement reduced tariffs on products in this category, boosting exports from Australia to EU markets.
June 2023
Expected increase in trade volume by 15% over the next two years
Resolution of a trade dispute led to the temporary suspension of retaliatory tariffs on European imports in this category.
March 2023
Improved market access for French and Italian exporters to the US
Several Asian countries introduced stricter labeling requirements for imported alcoholic beverages, affecting market entry.
January 2023
Potential delays and increased compliance costs for exporters