HS Code:
Trimethyl phosphite (HS Code: 292023) is an organophosphorus compound used primarily as an intermediate in the production of pesticides, flame retardants, and other industrial chemicals. It serves as a key reagent in organic synthesis and is valued for its role in creating phosphorus-containing compounds. Due to its chemical properties, it is handled with care as it is flammable and toxic.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
UN Comtrade Database and ITC Trade Map
$60 million USD
40% 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
Increasing
$10 million USD
7% of total trade of total trade
Stable
Average Rate
5.5% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-Japan EPA)
Growing demand in agrochemicals
Increased production of pesticides drives demand for trimethyl phosphite, particularly in Asia-Pacific regions.
2021-2022
Shift towards sustainable alternatives
R&D investments are focusing on less toxic substitutes, potentially reducing long-term demand.
2022
Supply chain disruptions
Global shipping delays and raw material shortages have led to price volatility.
2021-2022
The European Union has introduced stricter safety and environmental standards for importing organophosphorus compounds like trimethyl phosphite, requiring additional documentation and compliance checks.
June 2023
Increased costs and delays for exporters to the EU market.
Major Chinese chemical manufacturers have announced plans to increase production of trimethyl phosphite to meet growing domestic and international demand.
March 2023
Likely to stabilize global supply and potentially lower prices.
The United States revised tariffs on certain chemical imports, including trimethyl phosphite, as part of broader trade negotiations with key partners.
September 2022
Reduced tariffs for some countries, enhancing trade flows.