HS Code:
2-(1,3-Benzothiazol-2-ylsulfanyl)succinic acid (CAS No. 95154-01-1), classified under HS subheading 2934.20.40, is a specialized chemical compound belonging to the category of heterocyclic compounds containing a benzothiazole ring. It is primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and other industrial chemicals. This compound plays a niche role in industries requiring specific chemical structures for advanced applications, often in research and development settings.
Total Trade Volume
Approximately $5.2 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$2.1 million USD
40.4% of total trade of total trade
Increasing
$1.3 million USD
25.0% of total trade of total trade
Increasing
$0.8 million USD
15.4% of total trade of total trade
Stable
$0.6 million USD
11.5% of total trade of total trade
Stable
$0.4 million USD
7.7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements or special economic zones)
Growing demand in pharmaceutical R&D
Increased trade volume driven by the need for intermediates in drug synthesis, particularly in Asia-Pacific regions.
2021-2022
Shift towards sustainable chemical production
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs but improving market acceptance in Europe.
2022
Supply chain disruptions due to geopolitical tensions
Delays and cost increases in raw material sourcing, affecting trade flows from key exporters like China.
2022
The European Union updated its REACH regulations, imposing stricter documentation and safety assessments for chemical intermediates like 2-(1,3-Benzothiazol-2-ylsulfanyl)succinic acid.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly reducing trade volume temporarily.
Major Indian chemical manufacturers announced investments in expanding production facilities for heterocyclic compounds to meet growing global demand.
March 2023
Likely to boost India's export share, intensifying competition with China.
Recent negotiations included discussions on reducing tariffs for niche chemical compounds, potentially benefiting trade of this product.
September 2023
Could lead to increased trade flows between the US and China if tariffs are lowered.