HS Code:
The category under HS Code 8448 includes auxiliary machinery for use with textile machines of headings 8444, 8445, 8446, or 8447, such as dobbies, Jacquards, automatic stop motions, and shuttle changing mechanisms. It also covers parts and accessories specifically designed for these machines, including spindles, spindle flyers, card clothing, combs, extruding nipples, shuttles, healds, heald-frames, and hosiery needles. These components are critical for the operation, maintenance, and efficiency of textile manufacturing equipment, playing a vital role in the global textile industry by supporting processes like weaving, knitting, and fabric production.
Total Trade Volume
USD 3.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
24.3% of total trade
Increasing
USD 620 million
17.7% of total trade
Stable
USD 550 million
15.7% of total trade
Increasing
USD 450 million
12.9% of total trade
Increasing
USD 300 million
8.6% of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Automation in Textile Machinery
Increased demand for advanced auxiliary machinery like automatic stop motions and Jacquards due to the rise of smart textile manufacturing.
2021-2023
Sustainability Focus
Growing preference for energy-efficient parts and accessories to reduce environmental impact in textile production.
2020-2023
Shift to Asia-Pacific Manufacturing
Rising production in countries like India and Bangladesh is boosting demand for cost-effective machinery parts and accessories.
2019-2023
The European Union reduced tariffs on auxiliary machinery and parts under HS 8448 to promote imports of high-quality components from Japan and Switzerland.
January 2023
Increased trade flows between EU and key exporters, potentially lowering costs for European textile manufacturers.
China announced subsidies for local manufacturers of textile machinery parts to reduce reliance on imports and strengthen domestic supply chains.
March 2022
May reduce export dependency of other countries on China while increasing competition for global market share.
Several countries, including the US and India, introduced stricter technical and safety standards for textile machinery components to ensure quality and worker safety.
September 2022
Exporters may face higher compliance costs, potentially affecting smaller suppliers.