HS Code:
The 'Flexible' category, while not specifically tied to a single HS Code in this context, generally refers to products or materials that are adaptable or bendable, such as flexible plastics, rubber products, or certain textiles under various HS Codes (e.g., Chapter 39 for plastics, Chapter 40 for rubber). These products are widely used in industries like packaging, automotive, construction, and electronics due to their versatility and durability. Global trade in this category is driven by demand for innovative materials and sustainable solutions.
Total Trade Volume
USD 150 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
Average Rate
6.5%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable and biodegradable flexible materials
Increased investment in eco-friendly production technologies and shift in consumer preference towards green products
2021-2023
Growth in e-commerce driving demand for flexible packaging
Significant boost in trade volume for flexible plastic films and lightweight packaging solutions
2020-2022
Technological advancements in flexible electronics
Emerging markets for flexible displays and wearable devices, expanding trade opportunities
2022-2023
The European Union introduced new directives to reduce the use of non-recyclable flexible plastics, pushing manufacturers to adopt sustainable alternatives.
July 2023
Potential reduction in traditional plastic exports to the EU, while boosting trade in biodegradable materials.
Recent negotiations have led to a temporary reduction in tariffs on flexible rubber products, easing trade tensions.
March 2023
Increased export opportunities for Chinese manufacturers to the US market.
Major companies in Japan and South Korea unveiled new flexible packaging materials with enhanced barrier properties for food preservation.
September 2023
Expected to drive export growth in the Asia-Pacific region for specialized packaging materials.