Based on the trade data provided, chemical and related products ...

Chemical Industry Trade Data Shows 20-25% Decline Across Products, With Raw Materials Hit Hardest By Market Weakness.

January 23, 2025

Circulars DGFT

Based on the trade data provided, chemical and related products experienced significant value declines across multiple categories in the reporting period. Key manufactured goods like polymers, organic chemicals, and pharmaceutical ingredients saw reductions between 15-35%. Raw material commodities including minerals and basic chemicals showed steeper declines of 30-50%. Overall trade volumes decreased by approximately 20-25% year-over-year, with industrial chemicals and intermediates being particularly impacted. The data suggests broader weakness in global chemical manufacturing and industrial activity during this timeframe.

View Source

← Previous Next →

Based on the trade data provided, chemical and related products ...

Chemical Industry Trade Data Shows 20-25% Decline Across Products, With Raw Materials Hit Hardest By Market Weakness.

January 23, 2025

Circulars DGFT

You may also like:

The Public Notice No. 10/2024-25 issued by the Ministry of Commerce and Industry, Department of Commerce, Directorate General of Foreign Trade, introduces enabling...

The non-profit organization, sponsored by the Ministry of Commerce and registered u/s 25 of the Companies Act, was granted exemption u/s 10(23C)(iv) of the Income Tax...

Input tax Credit - Coal is a raw material for manufacturing of cement or not - in the present case, the coal used in the process of manufacture of cement is indeed an...

Classification of imported goods - AJI-NO-MOTO - The main contention was whether Ajitide I+G should be classified as a miscellaneous chemical product or as a food...

Concessional rate of tax (CST) 3% or 2% of CST - oxygen gas used as raw material - when it has been found that the oxygen gas is used as a ‘refining agent’ and its main...

100% EOU - demand of customs duty on the raw material imported duty free - removal of finished goods in DTA without having any permission from the Development...

Increase in tariff rates effective from 24.07.2024: PVC flex films from 10% to 25%, garden umbrellas from 20% to 20% or Rs. 60 per piece whichever higher, laboratory...

Classification criteria for laboratory chemicals under customs heading 9802: Imported solely for own use, not trading or resale, in packings up to 500g/500ml,...

The DGFT issued a Standard Operating Procedure (SOP) for exporters to obtain authorizations for restricted seeds and planting materials. Key requirements include...

Directives for processing of application for MEIS claims under Foreign Trade Policy 2015-20

Amendment in Para 4.32(i) of Chapter 4 of the Foreign Trade Policy 2015-20

Directives for processing of application for MEIS claims under Foreign Trade Policy 2015-20 - Public Notice

Amendments/Corrections in Table 2 of Appendix 3B Foreign Trade Policy 2015-20 - Public Notice

Clandestine manufacture - tobacco snuff - It is found that to manufacture snuff of huge quantity, other raw material/packing material also required but no such evidence...

CESTAT determined Natural Beta Carotene Powder's classification under Customs Tariff Act, 1975. While appellant sought classification under TI 3203 00 20 (industrial...

Quick Updates: