HS Code:
The category 'Primary Materials; Products in Granular or Powder Form' typically includes raw or semi-processed materials such as minerals, chemicals, and agricultural products that are traded in bulk as granules or powders. These products are foundational to various industries including construction, manufacturing, and agriculture. Common items under this category may include cement, fertilizers, metal ores, and industrial chemicals. This category is critical due to its role as input materials for further processing and production globally.
Total Trade Volume
USD 250 billion
Data from 2022
Source
United Nations Comtrade Database
USD 60 billion
24% of total trade of total trade
Increasing
USD 40 billion
16% of total trade of total trade
Stable
USD 30 billion
12% of total trade of total trade
Increasing
USD 25 billion
10% of total trade of total trade
Increasing
USD 20 billion
8% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries on specific chemical powders)
Lowest Rate
0% (under free trade agreements like EU Single Market)
Increased demand for eco-friendly and sustainable materials
Shift towards biodegradable granular products and greener chemical alternatives, influencing trade volumes of traditional materials negatively while boosting new categories
2021-2022
Technological advancements in material processing
Enhanced efficiency in powder and granular production leading to lower costs and higher export volumes, especially in developed nations
2020-2022
Rising geopolitical tensions affecting supply chains
Disruptions in key exporting regions have led to price volatility and shifts in trade routes for minerals and chemical products
2022
The European Union introduced stricter environmental standards for the import of industrial chemical powders, requiring detailed sustainability certifications.
January 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant countries while benefiting those already meeting standards.
A revised trade agreement between the US and China reduced tariffs on certain primary granular materials, aiming to stabilize supply chains for manufacturing industries.
March 2023
Expected to boost trade volumes between the two countries, particularly in mineral ores and industrial powders, benefiting mutual industrial sectors.
Australia reported a significant increase in the export of iron ore and other mineral powders due to heightened global demand, particularly from Asian markets.
June 2023
Strengthened Australia's position as a leading exporter, likely increasing its market share in the global trade of primary materials.