Trade Information

The EU Council Presidency and European Parliament negotiators have reached a provisional agreement to streamline the Carbon Border Adjustment Mechanism (CBAM), a cornerstone of the bloc's climate policy.

The Vietnamese National Assembly overwhelmingly passed the Revised Chemical Law, marking a significant step forward in promoting green development and digital transformation in the country's chemical industry.

On June 23, Wanhua Chemical released an environmental impact assessment report for its IPDA (Isophorone Diamine) capacity expansion project

The Ministry of Agriculture and Forestry of Türkiye has announced a significant update to its import approval policy for animal products and by-products.

The Estonian Ministry of Regional Affairs and Agriculture has issued Regulation No. 92, introducing amendments to the national standards governing the composition and quality requirements of juice products.

Nepal's government has announced a sweeping reform of its import tariff structure, aimed at protecting domestic industries, curbing non-essential imports, and responding to global price trends.

The European Committee for Standardization (CEN) has introduced two updated testing standards, EN 71-18:2024 and EN 71-19:2024, which will become mandatory across the EU starting June 30, 2024.

Japan's Positive List (PL) regulation for food contact materials (FCMs) officially took effect on June 1, 2025, as announced by the Consumer Affairs Agency (CAA).

Morocco is evaluating potential revisions to its free trade agreement (FTA) with Turkey in an effort to reduce its growing trade deficit

According to the latest data from China's National Bureau of Statistics, the country's caustic soda production (100% basis) reached 3.791 million metric tons (MMT) in May 2025, marking a 2.3% year-on-year (YoY) increase.

Xinjiang Huachun Energy Co., Ltd. successfully commissioned its 200,000-ton methylal oxidation-to-formaldehyde production facility, achieving full-capacity output of qualified products in a single startup.

Over the past five years, agrochemical imports have surged by 53%, rising from ₹90.96 billion (US$1.2 billion) in FY2019-20 to ₹139.98 billion (US$1.7 billion) in FY2024-25.

In April 2025, China imported 777.3 metric tons of hydrochloric acid (HCl), marking a 4.4% year-on-year increase, while exports surged to 4,180.3 metric tons, up 70.2% compared to the same period last year.

Blooming proudly announces the launch of its Armenia Trade Database in 2025, delivering real-time insights into one of Eurasia's most resilient economies.

As the world's largest supplier of high-grade strontium carbonate, Iran controls 85% of global high-quality reserves and supplies 70% of China's imports.

China's industrial sector experienced persistent price declines in May 2025, with both producer and purchasing prices extending their downward trajectory, official data showed.

Effective July 4, 2025, Brazil will officially enforce the revised version of the national standard for the GHS classification, Safety Data Sheets (SDS), and labeling of chemicals

The National Bureau of Statistics of China (NBS) released data on June 16, showing that in May, the value-added output of industrial enterprises above the designated size grew by 5.8% year-on-year (YoY).

The U.S. Department of Commerce has announced that, effective June 23, 2025, it will impose additional tariffs of 50% on a range of steel-derived household appliances

The Ministry of Planning and Finance of Myanmar has recently issued Notification No. 39/2025, pursuant to Section 3, Subsection (D) of the Customs Tariff Law

Wanhua Chemical has recently released the draft Environmental Impact Assessment (EIA) report for a capacity expansion project involving an additional 20,000 tons/year of polydimethylsiloxane (PDMS).

On May 2, 2025, the EU Scientific Committee on Consumer Safety (SCCS) published its final opinion on butylparaben (SCCS/1674/25).

Recent escalating tensions in the Middle East, particularly the outbreak of the Iran-Israel conflict, have sharply heightened regional security risks, casting uncertainty over oil production and crude transportation in the area.

According to China Customs data, China imported 207,000 tonnes of ethylene in April 2025, down 4.47% from the previous month but up 48.48% year-on-year.

Recently, Vietnam agreed to grant tariff exemptions for certain Cambodian goods to promote and expand bilateral trade.

On June 9-10 local time, Chinese Vice Premier He Lifeng, China's lead representative on economic and trade issues, held the first meeting of the China-U.S. Economic and Trade Consultation Mechanism in London with U.S. counterparts

In 2024, China imported 4.7 million tons of U.S. ethane, all for ethylene production (3.8 million t/y).

May 2025 average price: 26,111 yuan/ton, down 35.79% month-on-month and 35.37% year-on-year.

Shandong Longhua New Materials Co., Ltd.'s 330,000-ton/year polyether polyol expansion project.

According to data from the General Administration of Customs, China's total goods trade reached RMB 17.94 trillion in the first five months of 2025, representing a year-on-year (YoY) increase of 2.5%.