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📦 Medium oil fractions containing more than 50 percent by weight of isohexadecane (CAS No. 93685-80-4) (provided for in subheading 2710.19.90)

Medium oil fractions containing more than 50 percent by weight of isohexadecane (CAS No. 93685-80-4) (provided for in subheading 2710.19.90)

HS Code:

📦

Overview

Medium oil fractions containing more than 50 percent by weight of isohexadecane (CAS No. 93685-80-4) fall under HS Code 2710.19.90, which pertains to petroleum oils and oils obtained from bituminous minerals, other than crude, and preparations not elsewhere specified or included. These fractions are typically used as base oils or intermediates in the production of lubricants, hydraulic fluids, and other industrial applications. Isohexadecane, a branched hydrocarbon, contributes to the stability and performance characteristics of these products under varying temperature and pressure conditions. This category is critical in industries such as automotive, manufacturing, and energy due to the specialized nature of the oil fractions.

Total Trade Volume

Approximately $1.2 billion USD

Data from 2022

Source

United Nations Comtrade Database and International Trade Centre (ITC)

Tariff Analysis

Average Rate

5.5% ad valorem

Highest Rate

10% (applied by certain developing economies)

Lowest Rate

0% (under free trade agreements like EU-US or ASEAN)

Common Restrictions

  • Import quotas in specific markets to protect domestic refining industries
  • Environmental regulations on sulfur content and emissions standards
  • Licensing requirements for hazardous material handling
  • Anti-dumping duties in select regions to prevent price undercutting

Market Trends

Rising demand for high-performance lubricants

Increased trade volume due to growth in automotive and industrial sectors, particularly in Asia-Pacific and North America

2021-2022

Shift towards sustainable and bio-based alternatives

Potential reduction in demand for traditional petroleum-based medium oil fractions as industries adopt greener solutions

2022-2023

Fluctuations in crude oil prices

Direct influence on production costs and trade margins, causing volatility in export-import pricing

2020-2022

Recent Developments

EU Green Deal Impact on Petroleum Products

The European Union's Green Deal has introduced stricter regulations on petroleum-derived products, including medium oil fractions, to reduce carbon footprints. This has led to increased compliance costs for exporters.

January 2023

Potential reduction in EU imports of non-compliant oil fractions; push for innovation in cleaner refining processes.

US-China Trade Agreement Update

Phase 2 negotiations of the US-China trade agreement have included discussions on reducing tariffs for petroleum products, potentially benefiting exporters of medium oil fractions.

March 2023

Possible increase in trade volume between the US and China if tariffs are lowered.

Singapore Refinery Expansion

Singapore has announced plans to expand its refining capacity for specialized petroleum products, including medium oil fractions, to meet growing regional demand in Asia.

July 2023

Likely increase in Singapore’s export share and influence on regional pricing dynamics.