HS Code:
Brominated or iodinated derivatives of acyclic hydrocarbons (HS Code: 2903.39) are a category of halogenated organic compounds used primarily as intermediates in chemical synthesis, flame retardants, and in the production of pharmaceuticals and agrochemicals. These compounds are derived from acyclic hydrocarbons by substituting hydrogen atoms with bromine or iodine, resulting in products with specific chemical properties suited for industrial applications. This category plays a critical role in industries requiring high-performance chemicals, though their use is often regulated due to environmental and health concerns.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards eco-friendly alternatives
Decreasing demand for certain brominated derivatives due to environmental concerns and stricter regulations
2021-2022
Increased demand in pharmaceutical intermediates
Rising use of iodinated derivatives in drug synthesis, particularly in developing economies
2020-2022
Supply chain disruptions due to geopolitical tensions
Shortages and price volatility in key exporting countries like China
2022
The European Union introduced stricter limits on the use of certain brominated derivatives in consumer products due to their persistence in the environment and potential toxicity.
June 2023
Expected to reduce EU imports by 15-20% over the next two years, pushing manufacturers to adopt alternatives.
China announced investments in new facilities for producing halogenated hydrocarbons to meet growing domestic and international demand.
March 2023
Likely to strengthen China's position as the leading exporter, potentially lowering global prices.
A bilateral agreement reduced tariffs on chemical intermediates, including brominated and iodinated derivatives, between the US and India.
September 2022
Boosted trade volumes by approximately 10% in the first year, benefiting Indian exporters.