HS Code:
The 'Carpets and other textile floor coverings' category, classified under HS Code 57, encompasses a wide range of products including woven carpets, tufted carpets, needleloom felt, and other textile floor coverings made from materials such as wool, synthetic fibers, and natural fibers. This category is significant in global trade due to its applications in residential, commercial, and industrial settings, driven by demand for interior decoration, comfort, and insulation. The trade of carpets is influenced by factors such as material availability, labor costs, and cultural preferences for specific designs and craftsmanship.
Total Trade Volume
USD 14.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.8 billion
19.3% of total trade of total trade
Increasing
USD 2.1 billion
14.5% of total trade of total trade
Increasing
USD 1.9 billion
13.1% of total trade of total trade
Stable
USD 1.5 billion
10.3% of total trade of total trade
Decreasing
USD 1.2 billion
8.3% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
38% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards sustainable materials
Increasing demand for eco-friendly carpets made from recycled materials or natural fibers like jute and sisal, driven by consumer awareness and regulatory pressures.
2021-2023
Growth in e-commerce sales
Online platforms have expanded market access for smaller producers, especially in developing countries, while also increasing competition and price transparency.
2020-2022
Rising demand in emerging markets
Rapid urbanization and rising disposable incomes in countries like India, Brazil, and Indonesia are boosting demand for carpets and floor coverings.
2019-2023
The European Union introduced stricter regulations on the environmental impact of textile floor coverings, mandating a higher percentage of recyclable materials and limiting harmful chemical usage.
January 2023
This is expected to increase production costs for non-compliant exporters but may benefit sustainable producers in the long term.
Turkey has invested in advanced manufacturing technologies and expanded trade agreements, particularly with Middle Eastern and African markets, to solidify its dominance in the carpet trade.
March 2022
This has led to a significant increase in export volumes, outpacing competitors like China in certain regions.
Ongoing trade disputes have led to higher tariffs on Chinese-made carpets entering the US, prompting American buyers to source from alternative countries like India and Vietnam.
October 2022
This shift is reshaping supply chains and benefiting secondary exporters while increasing costs for US consumers.