HS Code:
Selenium dioxide (HS Code: 28112990) is an inorganic compound primarily used in the production of other selenium compounds, as an oxidizing agent in organic synthesis, and in the glass industry to impart a red color or decolorize glass. It is also utilized in pharmaceuticals, electronics, and as a reagent in laboratories. Global trade in selenium dioxide is influenced by industrial demand, particularly in regions with significant glass manufacturing and chemical industries.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$15 million USD
30% of global trade of total trade
Increasing
$10 million USD
20% of global trade of total trade
Stable
$8 million USD
16% of global trade of total trade
Increasing
$5 million USD
10% of global trade of total trade
Stable
$3 million USD
6% of global trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in glass and electronics industries
Increased exports from major producers like China and Germany to meet industrial needs in Asia-Pacific and North America
2021-2022
Shift towards sustainable production methods
Higher production costs but improved market access in regions with stringent environmental regulations like the EU
2020-2022
Fluctuations in raw selenium supply
Price volatility affecting trade stability and long-term contracts
2019-2022
The European Union introduced new environmental and safety standards for handling and importing selenium dioxide to reduce health and environmental risks.
June 2023
Potential increase in compliance costs for exporters to the EU, possibly affecting trade volumes from non-compliant regions.
China announced investments in selenium dioxide production facilities to cater to rising domestic and international demand, particularly in the glass industry.
March 2023
Likely to strengthen China's position as the leading exporter, potentially lowering global prices due to increased supply.
An updated trade agreement between the US and Japan includes reduced tariffs on chemical compounds like selenium dioxide to boost industrial collaboration.
January 2023
Expected to increase bilateral trade volumes, benefiting Japanese exporters and US manufacturers.