HS Code:
The category of Halogenated, sulfonated, nitrated, or nitrosated derivatives of acyclic alcohols (HS Code: 2905.5) includes chemically modified derivatives of acyclic alcohols that have undergone halogenation, sulfonation, nitration, or nitrosation processes. These compounds are widely used in industrial applications, including as intermediates in the synthesis of pharmaceuticals, agrochemicals, and specialty chemicals. They are critical in manufacturing processes due to their reactivity and functional properties.
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
5.8% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in pharmaceutical intermediates
Increased production and export from countries like China and India due to rising global demand for generic drugs and active pharmaceutical ingredients (APIs).
2021-2022
Shift toward sustainable production methods
Manufacturers are adopting greener chemical processes to comply with stringent environmental regulations, particularly in the EU, affecting production costs and trade dynamics.
2020-2022
Supply chain disruptions due to geopolitical tensions
Trade flows have been affected by sanctions and export controls, particularly impacting raw material availability in certain regions.
2022
The European Union introduced new REACH regulations targeting chemical derivatives, requiring stricter compliance for halogenated compounds to ensure environmental safety.
June 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volume from non-compliant countries.
China announced investments in new chemical plants to boost production of halogenated derivatives, aiming to meet rising global demand.
March 2023
Likely to solidify China's position as the leading exporter, potentially lowering global prices due to increased supply.
Negotiations between the US and India included discussions on reducing tariffs for chemical intermediates, including derivatives of acyclic alcohols.
September 2023
If finalized, this could enhance bilateral trade and increase market access for Indian exporters to the US.