HS Code:
Sodium 2,6-bis[(4,6-dimethoxypyrimidin-2-yl)oxy]benzoate, commonly known as Bispyribac-sodium (CAS No. 125401-92-5), falls under HS Code 2933.59.10, which covers heterocyclic compounds with nitrogen hetero-atoms only. Bispyribac-sodium is a selective, systemic post-emergence herbicide used primarily in rice cultivation to control a wide range of grassy and broadleaf weeds. It is absorbed by foliage and roots, inhibiting the enzyme acetolactate synthase (ALS), which is crucial for weed growth. This chemical is widely used in agricultural markets globally, particularly in rice-producing regions, due to its effectiveness and relatively low application rates.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
Estimated based on data from UN Comtrade, ITC Trade Map, and industry reports
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Increasing
$20 million USD
13% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Increasing
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries for agricultural chemical imports)
Lowest Rate
0% (under free trade agreements or for WTO members with specific exemptions)
Rising demand in Asia-Pacific due to expanding rice cultivation
Increased production and export from key suppliers like China and India to meet regional needs
2021-2023
Shift toward sustainable and low-dose herbicides
Bispyribac-sodium benefits from being effective at low application rates, aligning with environmental regulations
2020-2022
Growing resistance to other herbicide classes
Higher adoption of Bispyribac-sodium as an alternative for weed control in resistant areas
2019-2023
Bispyribac-sodium received approval for expanded use in rice fields in Brazil and Argentina, boosting market access for exporters.
March 2023
Expected to increase trade volume by 10-15% in the region over the next two years
The European Union introduced stricter guidelines on herbicide residues, prompting manufacturers to reformulate or provide additional safety data for Bispyribac-sodium.
July 2022
Potential short-term reduction in exports to the EU until compliance is achieved
Chinese manufacturers adopted cost-effective synthesis methods, reducing production costs for Bispyribac-sodium.
October 2021
Increased competitiveness of Chinese exports, potentially lowering global prices by 5-8%