HS Code:
The 'Whether or not impregnated, but not otherwise treated' category typically falls under various HS Codes depending on the specific material or product (e.g., textiles, paper, or other materials under chapters like 48, 59, or others in the Harmonized System). This category generally refers to raw or semi-processed materials that may have been impregnated with substances for preservation or other purposes but have not undergone further treatment or processing. These products are often used as intermediates in manufacturing processes across industries such as construction, packaging, and textiles.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade of total trade
Increasing
USD 1.8 billion
14.4% of total trade of total trade
Stable
USD 1.5 billion
12.0% of total trade of total trade
Increasing
USD 1.1 billion
8.8% of total trade of total trade
Stable
USD 0.9 billion
7.2% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (imposed by certain developing countries for protective measures)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for eco-friendly impregnated materials
Increased trade in sustainable and biodegradable products due to environmental regulations and consumer preferences
2021-2022
Shift toward automation in manufacturing
Higher efficiency in production of impregnated materials, reducing costs and boosting trade volumes
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary declines in trade volume in specific regions due to export restrictions and sanctions
2022
The European Union introduced new regulations on the chemical composition of impregnated materials to reduce environmental impact.
June 2023
Potential increase in compliance costs for exporters to the EU, but long-term benefits for sustainable trade practices.
A new bilateral agreement reduced tariffs on certain impregnated materials, facilitating smoother trade flows between the two nations.
March 2023
Expected increase in trade volume by 10-15% between the US and China for this category in 2023.
South Korea announced investments in advanced manufacturing facilities for impregnated materials to meet growing global demand.
January 2023
Likely to strengthen South Korea's position as a key exporter, potentially increasing its market share.