HS Code:
1-Methylhexyl [(5-chloroquinolin-8-yl)oxy]acetate, commonly known as Cloquintocet-mexyl (CAS No. 99607-70-2), is a chemical compound classified under HS subheading 2933.49.60. It is primarily used as a safener in herbicide formulations, particularly with clodinafop-propargyl, to protect cereal crops like wheat from herbicide damage by enhancing the crop's tolerance. This compound plays a critical role in modern agriculture by ensuring the efficacy of weed control without harming the target crop.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Data compiled from UN Comtrade and industry reports
$15 million USD
30% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for cereal crop protection
Increased usage of safeners like Cloquintocet-mexyl in herbicide formulations due to growing global food demand and intensive farming practices
2021-2023
Shift towards sustainable agriculture
Pressure to develop eco-friendly safeners and reduce chemical residues, influencing R&D investments in the sector
2020-2022
Growth in generic agrochemicals
Post-patent expiration, increased production of cost-effective generics in countries like China and India, driving trade volumes
2019-2023
The European Union introduced stricter guidelines for the use of chemical safeners in herbicides, requiring detailed environmental impact assessments for Cloquintocet-mexyl.
March 2023
Potential delays in market approvals and increased compliance costs for exporters to the EU
A major agrochemical manufacturer in China announced the opening of a new facility dedicated to producing Cloquintocet-mexyl, aiming to meet rising global demand.
July 2022
Likely to increase export volumes from China, potentially lowering global prices due to economies of scale
A recent trade agreement reduced tariffs on certain agrochemical intermediates, including compounds under HS 2933.49, between the US and China.
January 2023
Expected to boost bilateral trade of Cloquintocet-mexyl, benefiting US importers and Chinese exporters