HS Code:
Certified hand-loomed and folklore products (often categorized under specific HS codes like 5702 for hand-woven carpets or 6214 for shawls and scarves with folklore designs) include traditional textiles, carpets, and other handicrafts made using manual techniques and reflecting cultural heritage. These products are often certified by governmental or cultural bodies to ensure authenticity and are traded globally as niche, high-value items. They are significant in preserving cultural identity and supporting artisan communities, particularly in developing countries.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) reports
$800 million USD
32% of total trade of total trade
Increasing
$500 million USD
20% of total trade of total trade
Stable
$400 million USD
16% of total trade of total trade
Decreasing
$250 million USD
10% of total trade of total trade
Increasing
$200 million USD
8% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
25% (imposed by certain developed countries on non-certified imports)
Lowest Rate
0% (under preferential trade agreements like GSP for developing countries)
Growing demand for sustainable and ethical products
Increased market share for certified hand-loomed products as consumers prioritize eco-friendly and artisan-supported goods
2021-2023
Digital marketplaces boosting sales
E-commerce platforms have expanded reach for small-scale producers, leading to a 15% rise in online sales of folklore products
2020-2022
Decline in traditional markets due to modernization
Reduced demand in some regions as younger consumers shift toward mass-produced textiles, affecting artisan livelihoods
2018-2022
The European Union introduced stricter certification standards for hand-loomed products to combat misrepresentation and ensure fair trade practices.
March 2023
Potential short-term trade disruptions for exporters not meeting new criteria, but long-term benefits for authentic producers.
The Indian government launched a subsidy and marketing initiative to promote hand-loomed exports, targeting a 20% increase in trade volume.
January 2023
Expected to boost India's dominance in the market and support rural artisan communities.
The United States extended a temporary tariff waiver under the Generalized System of Preferences (GSP) for certified folklore products from select countries.
October 2022
Increased imports from developing nations, enhancing market access for small producers.