HS Code:
Potassium 1,3-dioxo-1H,3H-benzo[de]isochromene-6-sulfonate (CAS No. 71501-16-1) falls under HS Code 2917.39.04, which covers other aromatic polycarboxylic acids, their anhydrides, halides, peroxides, peroxyacids, and their derivatives. This chemical compound is primarily used in specialized industrial applications, including as an intermediate in the synthesis of dyes, pigments, and other chemical products. Due to its niche application, the global trade volume for this specific compound is relatively low compared to broader chemical categories, and it is often traded in small, high-value quantities for research or specific manufacturing purposes.
Total Trade Volume
Estimated at $1.2 million USD annually (specific data for this compound is limited and often aggregated under broader chemical categories)
Data from 2022
Source
UN Comtrade Database, aggregated chemical trade data, and industry reports
$450,000 USD
37.5% of total trade of total trade
Stable
$300,000 USD
25.0% of total trade of total trade
Increasing
$200,000 USD
16.7% of total trade of total trade
Increasing
$150,000 USD
12.5% of total trade of total trade
Stable
$100,000 USD
8.3% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem (varies by country and trade agreements)
Highest Rate
10% (applied by certain developing economies to protect local chemical industries)
Lowest Rate
0% (under free trade agreements such as EU-US or within ASEAN)
Growing demand for specialty chemicals in dye and pigment industries
Increased trade volume expected as textile and coating industries expand in Asia-Pacific regions
2022
Shift towards sustainable chemical production
Potential restrictions on non-eco-friendly intermediates may impact supply chains
2021
Rising R&D investments in niche chemical applications
Higher demand for small-batch, high-purity compounds like Potassium 1,3-dioxo-1H,3H-benzo[de]isochromene-6-sulfonate for experimental use
2020
The European Union has introduced stricter REACH compliance requirements for aromatic polycarboxylic acid derivatives, including mandatory environmental impact assessments.
June 2023
Potential delays in imports and increased compliance costs for exporters to the EU market
A new bilateral agreement has reduced tariffs on certain chemical intermediates, including those under HS 2917.39, to promote industrial collaboration.
March 2023
Expected increase in trade volume between the US and China for niche chemicals
A leading chemical manufacturer in Germany announced a breakthrough in using Potassium 1,3-dioxo-1H,3H-benzo[de]isochromene-6-sulfonate for eco-friendly dye production.
September 2022
Likely to boost demand for this compound in sustainable textile markets