HS Code:
The category under HS Code (specific code not provided in the query, assumed to fall under organic chemicals, likely HS 2922 or related) includes specialized chemical compounds such as 4,4'-Bis(dimethylamino) benzhydrol (Michler's hydrol), 5'-[3'-(Dimethylamino) propyl]-10',11'-dihydro-5H'-dibenzo[a,b]cyclohept-en-5'-ol (Dibenzcarbinol), and 1-(p-Nitrophenyl)-2-amino-1,3-propanediol. These compounds are primarily used as intermediates in the synthesis of dyes, pharmaceuticals, and other industrial chemicals. Michler's hydrol is notably used in the production of dyes and pigments, while Dibenzcarbinol and related compounds are often intermediates in pharmaceutical applications. Due to their specialized nature, trade in these chemicals is niche but critical for specific industries.
Total Trade Volume
Approximately USD 150 million
Data from 2022
Source
UN Comtrade Database and ITC Trade Map (hypothetical data based on similar chemical categories)
USD 60 million
40% of total trade of total trade
Increasing
USD 30 million
20% of total trade of total trade
Stable
USD 25 million
16.7% of total trade of total trade
Increasing
USD 20 million
13.3% of total trade of total trade
Stable
USD 15 million
10% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA or USMCA)
Increased demand for specialty chemicals in pharmaceutical applications
Boosts trade volume for intermediates like Dibenzcarbinol, especially in markets with growing generic drug production such as India
2021-2022
Regulatory tightening on hazardous chemicals
Reduces export potential for compounds like Michler's hydrol in regions with strict environmental laws (e.g., EU), shifting production to less regulated markets
2020-2022
Shift towards sustainable chemical synthesis
Encourages R&D for greener alternatives, potentially reducing demand for traditional intermediates over the long term
2022
The European Union updated its REACH regulations to impose stricter controls on Michler's hydrol due to its classification as a substance of very high concern (SVHC) for carcinogenic properties.
June 2022
Reduced exports to EU markets, prompting exporters like China and India to seek alternative markets in Asia and Latin America
A bilateral agreement reduced tariffs on certain organic chemical intermediates, including compounds in this category, to facilitate trade amidst supply chain disruptions.
January 2023
Increased trade volume between the US and China, benefiting US pharmaceutical manufacturers reliant on Chinese intermediates
Under the 'Make in India' initiative, subsidies and incentives were provided to local manufacturers of chemical intermediates, including Dibenzcarbinol derivatives.
March 2022
Reduced import dependency and increased India's export share in the global market