HS Code:
The category 'Amino-acids, other than those containing more than one kind of oxygen function, and their esters; salts thereof' (HS Code: 292249) includes amino-acids like glycine, alanine, and their derivatives, which are widely used in pharmaceuticals, food additives, and animal feed. This category is critical for industries producing nutritional supplements, flavor enhancers (e.g., monosodium glutamate), and pharmaceutical intermediates. These compounds play a significant role in global trade due to their essential applications in health and agriculture sectors.
Total Trade Volume
USD 6.8 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for amino acids in animal feed
Increased exports from major producers like China to meet global livestock needs
2021-2022
Growth in pharmaceutical applications
Higher trade volumes driven by demand for amino acid-based drugs and supplements
2020-2022
Shift towards sustainable production
Emerging biotechnological methods reducing costs and environmental impact, boosting competitiveness of certain exporters
2022
The European Union imposed provisional anti-dumping duties on specific amino acid imports from China to protect local manufacturers.
June 2023
Potential increase in prices for EU importers and shift in sourcing to other countries like Japan or South Korea.
Phase One trade agreement discussions included reduced tariffs on amino acid products, facilitating smoother trade flows.
January 2023
Expected growth in US imports from China, benefiting animal feed and pharmaceutical industries.
A leading German chemical company opened a state-of-the-art facility for amino acid production, focusing on sustainable methods.
March 2023
Increased export capacity for Germany, potentially reducing reliance on Asian imports in Europe.