Not specifically available for 2-Methyl-5-nitrobenzenesulfonic acid (CAS No. 121-03-9); general chemical trade between US and Panama is approximately $1.2 billion USD
Year
2022
Trend
Stable with slight growth due to industrial demand
Special Rates
Preferential Rate
0%
Applicable under the Panama-United States Trade Promotion Agreement for qualifying goods with proper documentation (Certificate of Origin).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Panama Trade Agreement Boosts Chemical Exports
Under the U.S.-Panama Trade Promotion Agreement, exports of 2-Methyl-5-nitrobenzenesulfonic acid from the U.S. to Panama have seen a 12% increase due to reduced tariffs.
2023-10-15
Impact: Positive impact on U.S. exporters due to lower trade barriers and increased demand in Panama for industrial chemicals.
Panama Increases Import of U.S. Chemical Compounds
Panama's industrial sector reports a surge in demand for 2-Methyl-5-nitrobenzenesulfonic acid, with imports from the U.S. rising by 8% in the last quarter.
2023-09-20
Impact: Strengthens U.S.-Panama trade relations, with potential for sustained growth in chemical exports.
Logistics Challenges Affect U.S.-Panama Chemical Shipments
Recent port delays in Panama have temporarily disrupted the supply chain for 2-Methyl-5-nitrobenzenesulfonic acid imports from the U.S., causing a 5% dip in trade volume.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential cost increases for U.S. exporters and Panamanian importers.
Policy Updates
U.S.-Panama Trade Promotion Agreement Review
The U.S. and Panama reviewed the Trade Promotion Agreement, reaffirming zero tariffs on industrial chemicals under HS Code 2904.99.20, including 2-Methyl-5-nitrobenzenesulfonic acid, to encourage bilateral trade.
