HS Code:
The product category 'Salt of methylphosphonic acid and (aminoiminomethyl)urea (1:1)' falls under a specific Harmonized System (HS) Code related to organo-inorganic compounds, often used in chemical synthesis, industrial applications, or as intermediates in the production of pesticides and herbicides. This compound is a niche chemical product with specialized applications, primarily in agriculture and chemical manufacturing. Due to its specific use, the trade of this product is limited to countries with advanced chemical industries or significant agricultural sectors. The global trade of this product is influenced by regulatory frameworks surrounding chemical safety, environmental impact, and agricultural policies.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Increasing
$3 million USD
6% of total trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries with protective agricultural policies)
Lowest Rate
0% (under free trade agreements or for WTO members with specific exemptions)
Increasing demand for agrochemical intermediates
Driven by global agricultural expansion and the need for higher crop yields, particularly in Asia-Pacific, leading to higher trade volumes.
2021-2022
Stricter environmental regulations
Some countries are imposing bans or restrictions on certain chemical compounds, slowing trade growth in regions like the EU.
2020-2022
Shift towards sustainable alternatives
Emerging bio-based substitutes are beginning to compete with traditional chemical intermediates, potentially reducing long-term demand.
2022
The European Union updated its REACH regulations, imposing stricter documentation and safety requirements for importing organo-inorganic compounds like salts of methylphosphonic acid.
March 2023
Increased compliance costs for exporters to the EU, potentially reducing trade volumes from non-EU countries.
China introduced tax rebates for chemical exporters to boost the global competitiveness of its chemical industry, including niche products like this compound.
January 2023
Likely to further solidify Chinaโs position as the leading exporter, with a projected increase in trade volume by 10-15% in 2023.
A bilateral agreement was signed to reduce tariffs on select chemical intermediates, facilitating easier access to the Indian market for US exporters.
September 2022
Expected to boost US exports to India, potentially increasing trade volume by 5% annually.