US-Japan Trade Agreement Boosts Inorganic Salts Exports
A recent bilateral trade agreement between the US and Japan has reduced tariffs on other salts of inorganic acids or peroxoacids (HS Code 2842.90), facilitating increased exports from the US to Japan. The agreement aims to strengthen chemical trade ties.
2023-10-15
Impact: This is expected to increase US exports of aluminosilicates and related compounds to Japan by 15% over the next year, benefiting US chemical manufacturers.
Japan Increases Demand for US Aluminosilicates in Tech Sector
Japan's growing technology sector has led to a surge in demand for specialized inorganic salts, including aluminosilicates, sourced from the US for use in electronics and battery production.
2023-09-22
Impact: US exporters are likely to see a 10-12% rise in demand from Japanese firms, potentially leading to long-term supply contracts.
Supply Chain Disruptions Affect US-Japan Inorganic Salts Trade
Global shipping delays have temporarily disrupted the supply of other salts of inorganic acids from the US to Japan, causing a backlog at major ports and affecting delivery timelines.
2023-08-05
Impact: Trade volumes for HS Code 2842.90 products have decreased by 8% in the short term, with recovery expected by Q1 2024 as supply chains stabilize.
