HS Code:
Amino-alcohols, other than those containing more than one kind of oxygen function, their ethers and esters; salts thereof (HS Code: 2922.19) are a category of organic compounds used primarily in the pharmaceutical, chemical, and industrial sectors. These compounds serve as intermediates in the synthesis of active pharmaceutical ingredients, surfactants, and other specialty chemicals. They are critical in applications requiring specific chemical reactivity due to the presence of both amine and alcohol functional groups.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical sector
Increased production and trade volume due to rising need for drug intermediates
2021-2022
Shift towards sustainable production methods
Adoption of green chemistry practices influencing supply chains and costs
2020-2022
Regional production hubs in Asia
Lower production costs in countries like China and India driving export growth
2019-2022
The European Union introduced stricter regulations on the import of chemical intermediates, including amino-alcohols, to ensure compliance with REACH standards.
January 2023
Potential increase in compliance costs for exporters to the EU market
A new phase of the US-China trade agreement reduced tariffs on certain chemical products, including amino-alcohols, boosting bilateral trade.
March 2022
Increased export volume from China to the US
Indian government announced incentives for chemical manufacturing under the 'Make in India' initiative, targeting products like amino-alcohols.
October 2022
Expected rise in production capacity and export potential from India