HS Code:
Heading 6201(634) under the Harmonized System (HS) Code refers 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 encompasses a wide range of outerwear designed for protection against weather conditions, made from various materials such as wool, cotton, or synthetic fibers. These garments are essential in both fashion and functional apparel markets, often subject to seasonal demand and varying consumer preferences globally.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$1.8 billion USD
34.6% of total trade of total trade
Increasing
$800 million USD
15.4% of total trade of total trade
Increasing
$650 million USD
12.5% of total trade of total trade
Increasing
$400 million USD
7.7% of total trade of total trade
Stable
$350 million USD
6.7% of total trade of total trade
Stable
Average Rate
12.5% ad valorem
Highest Rate
35% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Vietnam FTA or USMCA)
Shift towards sustainable materials
Increased demand for eco-friendly and recycled fabrics in garment production, influencing sourcing and manufacturing practices.
2021-2023
Rise of fast fashion
Growing competition among low-cost producers like Bangladesh and Vietnam, leading to price wars and shorter product lifecycles.
2019-2022
Digitalization in supply chains
Adoption of technology for inventory management and consumer demand forecasting, reducing overproduction and waste.
2020-2023
The European Union introduced stricter regulations on textile imports, mandating transparency in supply chains and the use of sustainable materials for garments under HS 6201.
March 2023
Potential cost increase for exporters not aligned with sustainability standards, benefiting countries with established eco-friendly practices.
Negotiations led to a temporary reduction in tariffs on Chinese garment exports, including HS 6201 categories, to the US market.
January 2023
Boosted Chinese exports to the US, increasing competition for other exporting nations like Vietnam and Bangladesh.
Bangladesh announced investments in new textile and garment factories, focusing on outerwear production to meet global demand.
June 2022
Strengthened Bangladeshโs position as a leading exporter, potentially lowering prices due to economies of scale.