HS Code:
N-[3-(1-Methylethoxy)phenyl]-2-(trifluoromethyl)benzamide, with CAS No. 66332-96-5, falls under HS Code subheading 2924.29.47. This chemical compound belongs to the category of cyclic amides (including cyclic carbamates) and their derivatives. It is primarily used in the production of agrochemicals, particularly as an intermediate in the synthesis of certain herbicides or pesticides. Due to its specialized application, global trade in this product is relatively niche, driven by demand from agricultural and chemical industries.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade and industry reports
$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
Stable
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for agrochemical intermediates
Increased production and export from manufacturing hubs like China and India due to rising global agricultural needs.
2021-2022
Shift toward sustainable agriculture
Potential decline in demand for certain chemical-based herbicides, pushing innovation in eco-friendly alternatives.
2022-2023
Supply chain disruptions
COVID-19-related disruptions and geopolitical tensions have led to price volatility and delays in shipments.
2020-2022
The European Union introduced stricter guidelines under REACH for importing chemical intermediates, including N-[3-(1-Methylethoxy)phenyl]-2-(trifluoromethyl)benzamide, requiring detailed safety data sheets.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-compliant countries.
Phase 1 of the US-China trade agreement reduced tariffs on certain chemical intermediates, benefiting the trade of this product.
January 2022
Boosted exports from China to the US, contributing to a 10% increase in trade volume.
Major agrochemical companies announced research into new herbicide formulations using this compound, aiming for lower environmental impact.
September 2023
Potential increase in demand if new formulations gain regulatory approval and market acceptance.