HS Code:
The Circular knit, wholly of cotton yarns exceeding 100 metric number per single yarn (HS Code: 6006.22) category pertains to knitted or crocheted fabrics made entirely of cotton with fine yarns. These fabrics are typically used in the production of high-quality apparel such as t-shirts, undergarments, and other lightweight clothing items. This category is significant in the global textile industry due to its widespread use in fashion and everyday wear, with demand driven by both consumer preferences for cotton's comfort and sustainability trends.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (imposed by certain African countries)
Lowest Rate
0% (under free trade agreements such as EU-India FTA)
Rising demand for sustainable fabrics
Increased preference for organic cotton and eco-friendly production processes has boosted trade in regions with certified supply chains like India and Turkey.
2021-2022
Shift towards fast fashion
Higher production in countries like Bangladesh and Vietnam due to low labor costs and quick turnaround times for circular knit cotton fabrics.
2020-2022
Technological advancements in knitting
Improved machinery has enhanced fabric quality and reduced costs, benefiting major exporters like China.
2019-2022
A new phase of the US-China trade agreement has reduced tariffs on cotton knit fabrics, boosting Chinese exports to the US market.
January 2023
Expected to increase China's market share by 5% in the US over the next year.
The European Union has introduced stricter sustainability requirements for imported cotton fabrics, mandating certifications for environmental and labor standards.
March 2023
Smaller exporters without certification may face reduced access to the EU market, while certified producers in India and Turkey may benefit.
Bangladesh has invested heavily in its textile infrastructure, increasing its capacity for circular knit cotton production.
June 2023
Likely to strengthen Bangladesh's position as a top exporter, potentially overtaking Turkey in trade volume by 2024.