HS Code:
The category 'Having a viscosity number of 70 ml/g or more but less than 78 ml/g' typically pertains to specific types of synthetic polymers or plastics in primary forms under the Harmonized System (HS) Code, often related to polyamide or nylon materials. These materials are used in various industrial applications, including textiles, automotive components, and packaging, due to their strength and thermal resistance. This category is niche but critical in manufacturing sectors that require materials with specific viscosity properties for processing and performance.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 320 million
26.7% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in automotive sector
Increased use of high-viscosity polyamides for lightweight, durable components in electric vehicles has boosted trade volume by 8% annually.
2021-2022
Shift towards sustainable materials
Manufacturers are exploring bio-based polyamides, influencing trade patterns with a 5% rise in demand for eco-friendly alternatives.
2022
Supply chain disruptions
Global shipping delays and raw material shortages have led to a 3% decline in export volumes from key regions.
2021
The European Union has reduced tariffs on polyamide imports from select Asian countries to 2%, aiming to secure supply for its automotive industry.
June 2023
Expected to increase imports by 10% over the next two years, benefiting exporters like Japan and South Korea.
The United States initiated an anti-dumping investigation on polyamide imports from China, alleging unfair pricing practices.
March 2023
Potential tariffs could reduce Chinese exports to the US by 15%, redirecting trade to other suppliers like Germany.
A major chemical company opened a new facility in Germany to produce high-viscosity polyamides, increasing export capacity.
September 2022
Germany's trade volume is projected to grow by 12% in 2023, reinforcing its position as the top exporter.