HS Code:
Triflic acid, also known as trifluoromethanesulfonic acid (CAS No. 1493-13-6), is a superacid widely used in organic synthesis, catalysis, and industrial applications such as pharmaceuticals, agrochemicals, and polymer production. Classified under HS Code 2904.99.50, it falls within the category of sulfonated, nitrated, or nitrosated derivatives of hydrocarbons. It is one of the strongest known acids, valued for its high thermal stability and ability to act as a catalyst in various chemical reactions.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database and industry reports
$20 million USD
40% 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
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-US agreements)
Growing demand in pharmaceutical synthesis
Increased production of triflic acid as a catalyst in drug manufacturing, driving trade volume growth by 8% annually
2021-2023
Shift towards green chemistry
Development of alternative catalysts may reduce long-term demand for triflic acid in certain applications
2022-2025
Expansion of production in Asia-Pacific
Lower production costs in countries like China and India are increasing export competitiveness
2020-2023
A major chemical manufacturer in China announced the opening of a new triflic acid production plant, increasing capacity by 30%.
March 2023
Expected to further solidify China's dominance in global supply, potentially lowering prices by 5-10%.
The European Union tightened regulations on the handling and transport of triflic acid under REACH, requiring additional safety documentation.
July 2022
Increased compliance costs for exporters to the EU, potentially reducing trade volume by 3-5% in the short term.
The United States extended tariff waivers on certain chemical imports, including triflic acid, under specific trade agreements.
January 2023
Facilitates stable import flows, benefiting US-based pharmaceutical and chemical industries.