HS Code:
The category 'Exceeding 43 nm but not exceeding 52 nm per single yarn (301)' refers to specific types of cotton yarn, typically used in textile manufacturing. This category falls under the Harmonized System (HS) Code for cotton yarns with a specific metric count, indicating the fineness of the yarn. These yarns are primarily used in the production of fabrics for clothing, home textiles, and industrial applications. Global trade in this category is influenced by factors such as raw cotton availability, labor costs, and textile industry demand.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain European Union countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Shift towards sustainable cotton production
Increased demand for certified organic cotton yarns, pushing exporters to adopt sustainable practices
2021-2022
Rising labor costs in traditional exporting countries
Emerging economies like Bangladesh and Vietnam gaining market share due to lower production costs
2020-2022
Automation in textile manufacturing
Improved production efficiency and quality consistency, benefiting larger exporters like India
2019-2022
A new phase of the US-China trade agreement has reduced tariffs on cotton yarn imports, indirectly benefiting exporters from other countries by leveling the competitive field.
January 2023
Potential increase in market access for South Asian exporters to the US market.
The European Union introduced stricter environmental regulations under the Green Deal, requiring sustainable sourcing and production documentation for cotton yarn imports.
March 2023
Increased compliance costs for exporters but also a market advantage for those already meeting sustainability standards.
The Indian government extended the Rebate of State and Central Taxes and Levies (RoSCTL) scheme to boost textile exports, including cotton yarns.
April 2023
Strengthened competitive position of Indian exporters in the global market.