HS Code:
Derivatives containing only halogen substituents and their salts fall under the HS Code category related to organic chemicals, specifically under Chapter 29. This category includes halogenated derivatives of hydrocarbons, such as chlorides, bromides, and iodides, as well as their salts. These compounds are widely used in industries like pharmaceuticals, agrochemicals, and manufacturing as intermediates for producing other chemicals. Their trade is influenced by industrial demand, regulatory frameworks, and environmental concerns regarding halogenated compounds.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Increased demand for halogenated derivatives in pharmaceuticals
Boosts trade volume, especially in countries with strong pharmaceutical industries like India and the US
2021-2022
Shift towards sustainable and less hazardous substitutes
Reduces demand for certain halogenated compounds, particularly in the EU due to stringent environmental regulations
2020-2022
Rising production costs due to raw material shortages
Increases prices, affecting trade competitiveness of smaller exporters
2022
The European Union introduced stricter guidelines under REACH for the use and import of halogenated derivatives due to environmental and health concerns.
March 2023
Likely to reduce imports into the EU, pushing exporters to seek alternative markets like Asia.
China announced investments in new chemical plants to increase the production of halogenated derivatives, aiming to meet growing domestic and international demand.
July 2022
Strengthens China's position as the leading exporter, potentially lowering global prices.
A bilateral agreement between the US and India reduced tariffs on certain chemical categories, including halogenated derivatives, to boost trade.
September 2022
Expected to increase trade volumes between the two countries, benefiting Indian exporters.