HS Code:
The category 'Mixtures referred to in Note 1(b) to this chapter' under the Harmonized System (HS) Code typically pertains to specific mixtures of chemicals, substances, or preparations as defined in the relevant chapter notes of the HS nomenclature. These mixtures are often used in industries such as pharmaceuticals, agriculture, or manufacturing, and may include products like mixed fertilizers, certain medicinal preparations, or industrial chemical blends. The exact classification and definition depend on the specific chapter and note referenced, often related to Chapters 30 (Pharmaceuticals), 31 (Fertilizers), or others. This category is significant in global trade due to its application in essential sectors, requiring strict adherence to international standards and regulations.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
20.9% of total trade
Increasing
USD 2.5 billion
16.3% of total trade
Stable
USD 1.8 billion
11.8% of total trade
Increasing
USD 1.2 billion
7.8% of total trade
Increasing
USD 900 million
5.9% of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for eco-friendly mixtures
Increased production of biodegradable and sustainable chemical mixtures due to environmental regulations, boosting trade in green technology sectors.
2021-2022
Growth in pharmaceutical mixtures
Driven by global health crises and aging populations, trade in medicinal preparations and mixtures has surged, particularly in North America and Europe.
2020-2022
Supply chain diversification
Countries are seeking alternative suppliers for critical mixtures to reduce dependency on single markets like China, influencing trade routes and patterns.
2022
The European Union introduced stricter REACH regulations for chemical mixtures, requiring detailed safety data sheets and compliance certificates for imports.
June 2023
Increased compliance costs for exporters to the EU but ensures higher safety standards, potentially benefiting compliant manufacturers.
A bilateral agreement reduced tariffs on specific industrial mixtures between the US and China as part of broader trade negotiations.
March 2023
Boosted trade volumes between the two countries, with a projected 10% increase in mixture exports from China to the US.
India announced subsidies for local production of fertilizer mixtures under the 'Make in India' initiative to reduce import dependency.
January 2023
May reduce imports in the short term but could lead to increased export capacity in the future as production scales up.