HS Code:
Tetraethylene pentamine (TEPA), classified under HS Code 292129, is an organic compound primarily used as a curing agent for epoxy resins, in the production of lubricants, fuel additives, and as a corrosion inhibitor. It belongs to the category of acyclic polyamines and their derivatives. TEPA is a critical industrial chemical with applications in adhesives, coatings, and oilfield chemicals, making it a significant product in the global chemical trade.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$45 million USD
30% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$25 million USD
17% of total trade of total trade
Increasing
$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% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand in epoxy resin applications
Increased trade volume due to rising construction and automotive industries
2021-2022
Shift towards sustainable chemical alternatives
Potential decline in demand for traditional TEPA in favor of bio-based curing agents
2022-2023
Rising production in Asia-Pacific
Lower production costs in countries like China driving export growth
2020-2022
A new bilateral agreement has reduced tariffs on chemical intermediates like TEPA, facilitating smoother trade between the two largest economies.
March 2023
Expected to boost trade volume by 10-15% in the next fiscal year
Stricter environmental regulations under the EU Green Deal have imposed additional compliance costs on TEPA imports to ensure sustainable production practices.
January 2023
May increase costs for exporters to the EU by 5-8%
A major chemical manufacturer in China has opened a new TEPA production facility, increasing export capacity to meet global demand.
July 2022
Likely to lower global prices due to increased supply