HS Code:
2,2'-[(Phosphonomethyl)imino]diacetic acid hydrate (1:1) (CAS No. 5994-61-6), classified under HS subheading 2931.39.00, is an organophosphorus compound often used as a chelating agent or intermediate in chemical synthesis. It is primarily utilized in industrial applications, including water treatment, agriculture (as a precursor for herbicides like glyphosate), and as a stabilizer in various chemical processes. This compound is part of the broader category of organo-inorganic compounds, which are critical in specialized chemical manufacturing.
Total Trade Volume
Approximately $120 million USD
Data from 2022
Source
United Nations Comtrade Database & Industry Reports
$50 million USD
41.7% of total trade of total trade
Increasing
$25 million USD
20.8% of total trade of total trade
Stable
$15 million USD
12.5% of total trade of total trade
Increasing
$10 million USD
8.3% of total trade of total trade
Increasing
$8 million USD
6.7% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
8.5% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand in agricultural sector
Increased production and trade due to the compound's role as a precursor in herbicide manufacturing, especially glyphosate
2021-2022
Stricter environmental regulations
Potential reduction in trade volume in regions with bans or restrictions on glyphosate-related compounds
2020-2022
Shift towards sustainable alternatives
Emerging research into bio-based chelating agents may reduce long-term demand for this compound
2022
The European Union initiated a review of organophosphorus compounds, including 2,2'-[(Phosphonomethyl)imino]diacetic acid hydrate, due to environmental and health concerns related to glyphosate production.
June 2023
Possible imposition of stricter import regulations or bans in EU markets, affecting global trade patterns.
Major Chinese chemical manufacturers announced plans to increase production of organophosphorus intermediates to meet global demand for agricultural chemicals.
March 2023
Likely to solidify China's dominance in the market, potentially lowering global prices due to increased supply.
The United States adjusted tariffs on certain chemical imports under HS 2931.39.00 as part of broader trade negotiations with key partners.
January 2023
May influence trade flows, with potential cost increases for US importers if exemptions are not secured.