HS Code:
The Apparel and Clothing Accessories, Not Knitted or Crocheted category (HS Code: 62) encompasses a wide range of clothing items and accessories made from woven or other non-knitted fabrics. This includes suits, dresses, shirts, trousers, jackets, coats, and accessories like scarves and belts, primarily manufactured through cutting and sewing processes. This category is a significant segment of the global textile and apparel industry, driven by fashion trends, consumer demand, and manufacturing capabilities in various regions. It is distinct from knitted or crocheted apparel (HS Code 61) due to differences in production techniques and material usage.
Total Trade Volume
USD 260 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
USD 90 billion
34.6% of total trade
Increasing
USD 30 billion
11.5% of total trade
Increasing
USD 25 billion
9.6% of total trade
Increasing
USD 18 billion
6.9% of total trade
Stable
USD 15 billion
5.8% of total trade
Stable
Average Rate
12.5%
Highest Rate
35% (imposed by certain countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA or USMCA)
Shift to Sustainable Fashion
Increased demand for eco-friendly materials and ethical production practices is pushing manufacturers to adopt sustainable processes, influencing sourcing and pricing strategies.
2021-2023
Rise of Fast Fashion
Growing consumer preference for affordable, trendy clothing has boosted production in low-cost countries like Bangladesh and Vietnam, though it raises concerns over labor conditions and environmental impact.
2019-2023
Digitalization and E-commerce
The growth of online retail platforms has transformed apparel distribution, with exporters focusing on direct-to-consumer models and digital supply chain integration.
2020-2023
Ongoing trade disputes have led to additional tariffs on Chinese apparel exports to the US, prompting buyers to diversify sourcing to countries like Vietnam and Bangladesh.
2022-2023
Shift in global supply chains, benefiting Southeast Asian exporters while increasing costs for US consumers.
The European Union has introduced stricter regulations under the EU Strategy for Sustainable and Circular Textiles, mandating transparency in supply chains and eco-friendly production.
March 2022
Higher compliance costs for exporters but long-term benefits for sustainable brands in accessing the EU market.
Bangladesh is set to lose its Least Developed Country (LDC) status by 2026, which may result in the loss of duty-free access to key markets like the EU under the Everything But Arms (EBA) scheme.
Projected 2026
Potential increase in export costs, pushing Bangladesh to enhance competitiveness through innovation and diversification.