HS Code:
2-Methyl-N-phenyl-5,6-dihydro-1,4-oxathiine-3-carboxamide, commonly known as Carboxin (CAS No. 5234-68-4), falls under HS subheading 2934.99.12. Carboxin is a systemic fungicide used primarily in agriculture to protect seeds and crops from fungal diseases such as smut and rot. It is widely applied in the treatment of cereal crops like wheat, barley, and oats. This chemical belongs to the class of heterocyclic compounds containing sulfur and oxygen, and it plays a critical role in ensuring crop yield and food security by preventing fungal infections during the early stages of plant growth. The global trade of Carboxin is driven by demand in agricultural economies, regulatory frameworks on pesticide use, and advancements in agrochemical formulations.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
United Nations Comtrade Database, supplemented by industry reports
$45 million USD
37.5% of total trade of total trade
Increasing
$25 million USD
20.8% of total trade of total trade
Increasing
$18 million USD
15.0% of total trade of total trade
Stable
$12 million USD
10.0% of total trade of total trade
Stable
$10 million USD
8.3% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries to protect domestic agrochemical industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or in WTO member countries with specific exemptions)
Rising demand for sustainable agriculture
Increased scrutiny on chemical fungicides like Carboxin, pushing manufacturers to develop eco-friendly formulations or bio-based alternatives, which may reduce trade volume in the short term.
2021-2023
Growth in cereal crop production
Higher demand for Carboxin in regions with expanding wheat and barley cultivation, particularly in Asia and South America, leading to a surge in export volumes from key producers like China and India.
2020-2022
Technological advancements in fungicide application
Innovations in seed treatment technologies have boosted the efficiency of Carboxin, sustaining its relevance in the market despite competition from newer fungicides.
2019-2023
The European Union implemented stricter Maximum Residue Limits (MRLs) for Carboxin on imported agricultural products, requiring exporters to adapt to lower residue thresholds.
January 2023
Potential reduction in exports to the EU market; exporters may need to invest in compliance measures or shift focus to less regulated markets.
Several Chinese agrochemical companies announced plans to increase production of Carboxin to meet rising global demand, particularly from South Asia and Latin America.
March 2022
Likely to reinforce China's dominance in the Carboxin export market, potentially lowering global prices due to increased supply.
Brazil's agricultural ministry approved new Carboxin-based formulations for seed treatment, aligning with the country's efforts to boost soybean and cereal yields.
July 2022
Expected increase in imports of Carboxin to Brazil, benefiting exporters like China and India.