HS Code:
Methyl (1E)-N-[methyl-[methyl-[(E)-1-methylsulfanylethylideneamino]oxycarbonylamino]sulfanylcarbamoyl]oxyethanimidothioate, commonly known as Thiodicarb (CAS No. 59669-26-0), falls under HS Code 2930.90.43. Thiodicarb is a carbamate insecticide used primarily in agriculture to control a wide range of pests, including chewing and sucking insects on crops like cotton, corn, and vegetables. It acts as a cholinesterase inhibitor, disrupting the nervous system of target pests. Due to its toxicity and environmental concerns, its usage is regulated in many countries, with some regions phasing it out or imposing strict restrictions.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Decreasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards bio-pesticides and integrated pest management (IPM)
Declining demand for chemical insecticides like Thiodicarb in developed markets
2020-2022
Increased regulatory scrutiny and bans in key markets
Reduced export opportunities to regions like the European Union
2019-2022
Rising demand in developing agricultural economies
Growth in trade volume in regions like South Asia and Latin America due to cost-effectiveness
2021-2022
The European Union has imposed a complete ban on the use of Thiodicarb in agriculture due to its high toxicity to non-target organisms and potential groundwater contamination.
June 2021
Significant reduction in export opportunities for manufacturers targeting the EU market; redirection of trade to less regulated markets.
Several agrochemical companies in India have ramped up production of Thiodicarb to meet domestic and regional demand in South Asia.
March 2022
Increased global supply and competitive pricing, benefiting importing countries in Asia and Africa.
The US Environmental Protection Agency (EPA) initiated a comprehensive review of Thiodicarbโs safety profile, focusing on its impact on pollinators and human health.
October 2022
Potential for tighter restrictions or usage limitations in the US market, affecting trade volumes.