HS Code:
2-Acetamidobenzoic acid, also known as N-acetylanthranilic acid, and its salts fall under the Harmonized System (HS) Code 292429. This compound is an organic chemical used primarily as an intermediate in the synthesis of pharmaceuticals, dyes, and other chemical products. It plays a significant role in the production of certain analgesics and anti-inflammatory drugs. Additionally, it is monitored due to its potential use in the illicit manufacture of controlled substances, which influences trade regulations and restrictions globally.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements or for WTO members with specific exemptions)
Increased demand in pharmaceutical intermediates
Rising production of analgesics and other drugs has boosted demand for N-acetylanthranilic acid, particularly in Asia-Pacific markets.
2021-2022
Stricter regulatory oversight
Due to its potential misuse in illicit drug manufacturing, many countries have tightened export/import controls, impacting trade volumes and increasing compliance costs.
2020-2022
Shift toward sustainable production
Manufacturers are adopting greener synthesis methods to meet environmental regulations, influencing production costs and market competitiveness.
2022
China introduced stricter export controls on N-acetylanthranilic acid to comply with international drug control frameworks, requiring additional documentation for shipments.
March 2023
Short-term delays in exports from China, potentially increasing costs for importers and shifting trade to other suppliers like India.
The European Union updated its chemical monitoring list, including N-acetylanthranilic acid, to enhance tracking and prevent diversion to illicit uses.
July 2022
Increased compliance burden for EU importers and exporters, with potential for reduced trade volumes in the short term.
India reported a significant increase in demand for N-acetylanthranilic acid as a key intermediate for domestic pharmaceutical production.
January 2023
Strengthened Indiaโs position as a major exporter and producer, attracting investment in chemical manufacturing infrastructure.