HS Code:
The 'Exceeding 14 nm but not exceeding 43 nm per single yarn' category typically falls under HS Code 5205 (Cotton yarn, not put up for retail sale) or similar textile-related codes, depending on the specific material and usage. This category includes medium-fine cotton yarn with a linear density exceeding 14 metric number (nm) but not exceeding 43 nm, which translates to a medium range of yarn thickness used in weaving and knitting for apparel, home textiles, and industrial applications. This yarn is critical in the global textile supply chain, often used for producing mid-range fabrics in terms of durability and texture.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
Average Rate
6.5%
Highest Rate
12% (applied by certain European Union countries on non-preferential imports)
Lowest Rate
0% (under free trade agreements like RCEP and EU-GSP for developing countries)
Shift toward sustainable production
Increased demand for organic and recycled cotton yarn in this category, driven by consumer preferences in North America and Europe, pushing exporters to adopt eco-friendly practices.
2021-2022
Rising production costs
Higher energy and raw material costs have squeezed margins for producers, particularly in South Asia, leading to price increases for importers.
2022
Regional trade agreements boosting exports
Agreements like the Regional Comprehensive Economic Partnership (RCEP) have reduced tariffs among member countries, increasing trade volumes for Asian exporters.
2020-2022
The European Union introduced new regulations under the EU Textile Strategy, requiring importers to comply with stricter environmental and labor standards for cotton yarn products, including those in the 14-43 nm range.
March 2023
Exporters from developing countries may face higher compliance costs, potentially reducing competitiveness unless they adapt to these standards.
The Indian government extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for textile exports, including cotton yarn, to boost competitiveness in global markets.
January 2023
Indian exporters are likely to increase market share, particularly in price-sensitive markets, due to lower effective costs.
Negotiations between Vietnam and the US resolved concerns over currency manipulation, preventing potential tariffs on Vietnamese textile exports, including cotton yarn.
July 2022
Stable access to the US market, one of the largest importers of cotton yarn, ensures continued growth in Vietnamese exports.