HS Code:
Heading 6101 (434) of the Harmonized System (HS) Code pertains to men's or boys' overcoats, car-coats, capes, cloaks, anoraks (including ski-jackets), wind-cheaters, wind-jackets, and similar articles, knitted or crocheted. This category includes a wide range of outerwear made from various materials such as wool, cotton, and synthetic fibers, designed for protection against weather conditions. These garments are essential in both fashion and functional clothing markets, catering to diverse consumer needs across seasonal and regional demands.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
12.5%
Highest Rate
35% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA)
Rising demand for sustainable and eco-friendly materials
Increased production costs but higher consumer willingness to pay for green products; shift towards recycled polyester and organic cotton in manufacturing
2021-2022
Growth in e-commerce and direct-to-consumer sales
Expanded market reach for manufacturers, reduced dependency on traditional retail; significant growth in online sales of outerwear
2020-2022
Shift in production to low-cost countries
Countries like Bangladesh and Vietnam gaining market share due to lower labor costs, impacting traditional exporters like Italy
2019-2022
The European Union introduced stricter regulations on textile imports under the EU Green Deal, mandating transparency in supply chains and the use of sustainable materials for garments under HS 6101.
March 2023
Increased compliance costs for exporters, particularly from developing countries, but potential for long-term market access with eco-friendly certifications.
A new phase of trade negotiations between the US and China resulted in a temporary reduction of tariffs on knitted outerwear, boosting Chinese exports to the US market.
January 2023
Short-term increase in trade volume from China, potentially affecting competitors like Vietnam and Bangladesh.
Bangladesh announced investments in textile infrastructure, focusing on knitted garment production to meet growing global demand for affordable outerwear.
June 2022
Strengthened position as a leading exporter, likely to capture additional market share in the coming years.