HS Code:
The 'Other amino-resins' category, classified under HS Code 3909.39, includes amino-resins that are not specifically melamine or urea resins. These are synthetic polymers often used in coatings, adhesives, laminates, and molded products due to their durability, heat resistance, and chemical stability. They are widely utilized in industries such as automotive, construction, and electronics for manufacturing durable and high-performance materials.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Stable
USD 180 million
15.0% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 90 million
7.5% of total trade of total trade
Increasing
Average Rate
5.8%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Rising demand for eco-friendly resins
Increased R&D investments in bio-based amino-resins to meet environmental regulations, particularly in Europe and North America.
2021-2022
Growth in automotive and construction sectors
Higher demand for durable coatings and adhesives, driving trade volumes in Asia-Pacific and North America.
2020-2022
Supply chain disruptions due to geopolitical tensions
Shortages and price volatility in key markets due to trade restrictions and raw material supply issues.
2022
The European Union introduced anti-dumping duties ranging from 8-10% on certain amino-resin imports from specific Asian countries to protect domestic manufacturers.
March 2023
Increased costs for importers in the EU, potentially shifting trade flows to other regions.
China announced the opening of new manufacturing facilities for amino-resins to meet growing domestic and international demand.
July 2023
Likely to reinforce China's position as the leading exporter, potentially lowering global prices.
New US regulations require stricter compliance with environmental standards for imported chemical products, including amino-resins.
January 2023
May increase compliance costs for exporters to the US, affecting trade volumes from non-compliant regions.