HS Code:
The Coats and Jackets category, classified under HS Code 6101 (Men's or boys' overcoats, car-coats, capes, cloaks, anoraks, etc., knitted or crocheted) and HS Code 6102 (Women's or girls' equivalents), encompasses a wide range of outerwear designed for protection against weather conditions or as fashion statements. This category includes products made from various materials such as wool, cotton, synthetic fibers, and leather. It represents a significant segment of the global apparel market, driven by seasonal demand, fashion trends, and functional needs.
Total Trade Volume
USD 25.6 billion
Data from 2022
Source
United Nations Comtrade Database
USD 9.8 billion
38.3% of total trade of total trade
Increasing
USD 3.2 billion
12.5% of total trade of total trade
Increasing
USD 2.5 billion
9.8% of total trade of total trade
Increasing
USD 1.8 billion
7.0% of total trade of total trade
Stable
USD 1.3 billion
5.1% of total trade of total trade
Stable
Average Rate
12.5% ad valorem
Highest Rate
35% (applied by certain developing countries on non-preferential trade partners)
Lowest Rate
0% (under free trade agreements like EU-USMCA or within customs unions like the EU)
Shift towards sustainable materials
Increased demand for eco-friendly and recycled fabrics in coats and jackets, driven by consumer awareness and regulatory pressures in key markets like the EU and US.
2021-2023
Rise of e-commerce in apparel trade
Significant growth in online sales of outerwear, allowing smaller manufacturers to reach global markets and impacting traditional retail supply chains.
2020-2022
Fast fashion dominance
Rapid production cycles and low-cost options from countries like Bangladesh and Vietnam are driving volume, though raising concerns over labor and environmental standards.
2019-2023
The European Union introduced stricter sustainability regulations under the Green Deal, mandating traceability and eco-labeling for apparel, including coats and jackets.
March 2023
Increased production costs for exporters to the EU but potential for premium pricing on sustainable products.
Ongoing trade disputes have led to additional tariffs on Chinese apparel exports to the US, prompting some manufacturers to relocate production to Vietnam and Bangladesh.
January 2022
Diversification of supply chains, with a slight decline in China's market share for coats and jackets in the US.
Bangladesh is set to lose its Least Developed Country (LDC) status by 2026, potentially impacting duty-free access to key markets like the EU.
November 2022
Possible increase in tariffs on Bangladeshi outerwear, which may reduce competitiveness compared to other low-cost producers.