HS Code:
Triphenylmethyl chloride, also known as trityl chloride, falls under the HS Code 2903.99 (Halogenated derivatives of aromatic hydrocarbons). It is an organic compound widely used in organic synthesis, particularly as a protecting group for alcohols and amines in chemical reactions. This compound is crucial in the pharmaceutical and chemical industries for the production of various intermediates and active ingredients. Its trade is influenced by demand in drug manufacturing, research, and industrial applications, with significant production and consumption in countries with advanced chemical industries.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Increasing
$8 million USD
16% of total trade of total trade
Stable
$7 million USD
14% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Decreasing
Average Rate
5.5% ad valorem
Highest Rate
10% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand in pharmaceutical intermediates
Increased production and export from major chemical hubs like China and India due to rising global demand for generic drugs and API (Active Pharmaceutical Ingredients).
2021-2022
Shift towards sustainable chemical processes
Pressure on manufacturers to adopt greener synthesis methods, potentially increasing production costs but opening markets in eco-conscious regions like the EU.
2022
Supply chain disruptions due to geopolitical tensions
Trade restrictions and raw material shortages have led to price volatility and delays, affecting smaller importers reliant on key exporters.
2020-2022
The European Union has introduced stricter compliance requirements under REACH for halogenated compounds, including Triphenylmethyl chloride, to ensure environmental safety.
January 2023
Exporters to the EU, especially from Asia, may face higher compliance costs and delays, potentially reducing trade volumes to the region in the short term.
Major chemical manufacturers in China have announced expansions in production facilities for specialty chemicals like Triphenylmethyl chloride to meet global demand.
March 2022
This development is expected to lower global prices due to increased supply, benefiting importers but challenging smaller producers in other regions.
Recent negotiations between the US and China have led to reduced tariffs on certain chemical products, including intermediates like Triphenylmethyl chloride, as part of a broader trade deal.
September 2022
This is anticipated to boost trade volumes between the two countries, providing cost relief to US-based pharmaceutical manufacturers.