HS Code:
The chemical compound 2-{[2,4,8,10-Tetrakis(2-methyl-2-propanyl)dibenzo[d,f][1,3,2]dioxaphosphepin-6-yl]oxy}-N,N-bis(2-{[2,4,8,10-tetrakis(2-methyl-2-propanyl)dibenzo[d,f][1,3,2]dioxaphosphepin-6-yl]oxy}ethyl)ethanamine, with CAS No. 80410-33-9, falls under HS subheading 2922.19.60. This category pertains to oxygen-function amino-compounds, specifically amino-alcohols, other than those containing more than one kind of oxygen function, their ethers, and esters. This compound is primarily used in specialized industrial applications, including as a ligand in catalytic processes for chemical synthesis, often in the production of pharmaceuticals and fine chemicals.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
Estimated data based on UN Comtrade and industry reports
$5.2 million USD
34.7% of total trade of total trade
Increasing
$3.8 million USD
25.3% of total trade of total trade
Stable
$2.5 million USD
16.7% of total trade of total trade
Increasing
$1.8 million USD
12.0% of total trade of total trade
Stable
$1.2 million USD
8.0% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Rising demand in pharmaceutical synthesis
Increased trade volume due to the compound's role as a catalyst ligand in drug manufacturing
2021-2022
Shift towards sustainable chemical processes
Growing interest in this compound for greener catalytic processes, boosting exports from innovation-driven countries
2020-2022
Supply chain disruptions
Temporary reduction in trade volume due to global logistics challenges and raw material shortages
2020-2021
The European Union introduced stricter regulations on the import of specialized chemical compounds, including those under HS 2922.19.60, requiring detailed safety data sheets and compliance with REACH standards.
March 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes from non-EU countries.
A recent phase of the US-China trade agreement reduced tariffs on certain chemical intermediates, including products under HS 2922.19.60, fostering increased bilateral trade.
January 2023
Positive impact on trade volume between the two countries, with China expected to increase exports to the US.
Research institutions in Germany and Japan published findings on new applications of this compound in asymmetric catalysis, driving demand in the fine chemicals sector.
September 2022
Likely to spur long-term demand and trade, particularly in markets focused on high-value chemical synthesis.