HS Code:
Dimethyl 5-nitroisophthalate (CAS No. 13290-96-5), classified under HS subheading 2917.39.70, is an organic chemical compound primarily used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. It belongs to the family of aromatic polycarboxylic acid derivatives and is often utilized in industrial applications requiring nitro-substituted aromatic compounds. Global trade of this product is niche but significant within the chemical sector due to its specialized applications.
Total Trade Volume
Approximately $15 million USD
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
$6.5 million USD
43.3% of total trade of total trade
Increasing
$3.2 million USD
21.3% of total trade of total trade
Increasing
$2.1 million USD
14.0% of total trade of total trade
Stable
$1.8 million USD
12.0% of total trade of total trade
Stable
$1.4 million USD
9.3% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical intermediates
Increased production and export from China and India due to rising demand for specialized chemical intermediates in drug manufacturing.
2021-2022
Shift towards sustainable chemical production
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs but opening new markets in environmentally conscious regions.
2022
Supply chain disruptions
Global shipping delays and raw material shortages have led to price volatility, affecting smaller importers in developing regions.
2021-2022
A major chemical manufacturer in China announced the opening of a new facility dedicated to nitro-substituted aromatic compounds, including Dimethyl 5-nitroisophthalate, to meet growing global demand.
March 2023
Expected to increase China's export capacity by 15%, potentially lowering global prices due to higher supply.
The European Union updated its REACH regulations, imposing stricter documentation and safety requirements for importing nitro-substituted compounds.
July 2023
May increase compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant suppliers.
Negotiations between the US and China included discussions on reducing tariffs for niche chemical products under HS 2917.39.70.
September 2023
If finalized, this could boost trade volumes between the two countries, benefiting US importers with lower costs.