HS Code:
The category 'Compounds containing in the structure a quinoline or isoquinoline ring-system (whether or not hydrogenated), not further fused' (HS Code: 293349) includes chemical compounds with quinoline or isoquinoline structures, which are heterocyclic aromatic organic compounds. These compounds are widely used in the pharmaceutical industry for the production of antimalarial drugs, analgesics, and other medicinal products, as well as in the manufacture of dyes and agrochemicals. This category is critical to industries focused on health and agriculture, with significant research and development activities driving demand.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for antimalarial drugs
Increased export volumes from major producers like China and India due to ongoing global health initiatives targeting malaria-endemic regions
2021-2022
Shift towards sustainable production methods
Higher production costs but improved market access in regions with strict environmental regulations like the EU
2020-2022
Growth in generic drug manufacturing
Boosted trade in quinoline-based compounds as key intermediates for cost-effective generics
2019-2022
The European Union introduced stricter import regulations for chemical compounds, including quinoline derivatives, to ensure compliance with REACH standards.
January 2023
Potential delays and increased costs for exporters to the EU, particularly for non-compliant suppliers
India rolled out a new Production Linked Incentive (PLI) scheme to boost domestic manufacturing and export of pharmaceutical intermediates, including quinoline compounds.
April 2022
Strengthened India's position as a leading exporter, with a projected increase in trade volume by 15% over the next two years
Negotiations between the US and China led to a temporary reduction in tariffs on certain chemical compounds, including those under HS 293349.
September 2022
Facilitated smoother trade flows between the two countries, benefiting US importers of Chinese quinoline compounds