HS Code:
4-Chloro-3-nitrobenzoic acid (HS Code: 29163990) is an organic compound used primarily as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. It belongs to the family of benzoic acid derivatives and is characterized by the presence of chloro and nitro groups, which make it a valuable building block in chemical synthesis. This compound is typically produced through nitration and chlorination processes and is traded globally in relatively small but specialized quantities due to its niche applications.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$6.5 million USD
43.3% of total trade of total trade
Increasing
$3.2 million USD
21.3% of total trade of total trade
Increasing
$1.8 million USD
12.0% of total trade of total trade
Stable
$1.5 million USD
10.0% of total trade of total trade
Stable
$0.9 million USD
6.0% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-India FTA for specific partners)
Rising demand in pharmaceutical intermediates
Increased production and export from China and India due to growing generic drug manufacturing
2021-2022
Shift toward greener synthesis methods
Manufacturers are adopting eco-friendly production processes, influencing trade patterns with higher costs but better market access in the EU
2020-2022
Supply chain disruptions
COVID-19-related delays and raw material shortages temporarily reduced trade volumes, with recovery seen in late 2022
2020-2021
The Indian government introduced export incentives under the Production Linked Incentive (PLI) scheme for chemical intermediates, including 4-Chloro-3-nitrobenzoic acid, to boost global competitiveness.
March 2023
Expected to increase Indiaโs market share by 5-7% over the next two years.
The European Union updated REACH regulations, imposing stricter documentation for importing nitrobenzoic acid derivatives to ensure environmental safety.
January 2023
Smaller exporters may face entry barriers, consolidating trade among larger, compliant suppliers.
Major Chinese manufacturers announced plans to expand production facilities for benzoic acid derivatives to meet rising global demand.
October 2022
Likely to reinforce Chinaโs dominance in the market, potentially lowering global prices by 3-5%.