HS Code:
The 'Valued over 69ยข per proof liter' category typically pertains to distilled spirits and alcoholic beverages under specific Harmonized System (HS) codes, such as those within the 2208 chapter (e.g., 2208.30 for whiskies or 2208.60 for vodka). This category includes high-value alcoholic products often subject to strict regulations, excise duties, and tariffs due to their alcohol content and market positioning. These products are traded globally, with significant production and consumption concentrated in specific regions known for their distillation heritage or large consumer markets.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 7.2 billion
28.5% of total trade
Increasing
USD 5.1 billion
20.2% of total trade
Stable
USD 3.8 billion
15.0% of total trade
Increasing
USD 2.9 billion
11.5% of total trade
Increasing
USD 1.5 billion
5.9% of total trade
Stable
Average Rate
25% ad valorem + specific duties based on alcohol content
Highest Rate
Up to 100% + excise duties in markets like India and certain Middle Eastern countries with restrictive alcohol policies
Lowest Rate
0-5% in free trade zones or under agreements like the EU Single Market or USMCA
Rising demand for premium and craft spirits
Increased exports of high-value whiskies, vodkas, and tequilas, particularly from the UK, US, and Mexico, driven by consumer preference for quality over quantity
2020-2022
Growth in emerging markets
Countries like India, China, and Brazil are seeing increased imports of premium spirits as disposable incomes rise and cultural acceptance grows
2019-2022
Impact of trade agreements
Reduction in tariffs under agreements like the EU-UK Trade and Cooperation Agreement post-Brexit has facilitated smoother trade of spirits between major markets
2021-2022
The United States and European Union agreed to suspend tariffs on distilled spirits as part of a broader trade truce, resolving disputes related to Boeing-Airbus subsidies.
June 2021
Boosted exports of European spirits like Scotch whisky and cognac to the US market, increasing trade volume by approximately 10% in 2022.
Ongoing negotiations between India and the EU/UK for free trade agreements include discussions on reducing high tariffs and excise duties on imported spirits.
October 2023
Potential market expansion for premium spirits in India, one of the largest consumer markets for alcohol, if agreements are finalized.
China initiated an anti-dumping investigation into brandy imports from the EU, potentially affecting French producers like cognac manufacturers.
January 2023
Could lead to retaliatory tariffs or restrictions, impacting EU exports valued at over USD 1 billion annually to China.