HS Code:
Subheading 6203.31.90 of the Harmonized System (HS) Code pertains to men's or boys' jackets and blazers of wool or fine animal hair, not knitted or crocheted, other than those specifically classified under subheadings 6203.31.10 to 6203.31.50. This category includes tailored and casual outerwear made from high-quality natural fibers, often used in formal or semi-formal attire. Products under this classification are traded globally, with significant demand in regions with colder climates or strong fashion industries.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
10.5%
Highest Rate
25% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-UK Trade and Cooperation Agreement)
Shift towards sustainable materials
Increased demand for jackets and blazers made from ethically sourced wool and fine animal hair, influencing production practices in exporting countries.
2021-2022
Rise in e-commerce sales
Direct-to-consumer models and online platforms have boosted trade volumes, especially for mid-range and premium products in this category.
2020-2022
Growing preference for custom-fit apparel
Higher demand for tailored jackets and blazers, benefiting exporters with strong customization capabilities like Italy and Germany.
2022
The European Union reduced tariffs on wool-based clothing, including items under HS 6203.31.90, to encourage imports from developing countries as part of its GSP+ program.
January 2023
Expected to increase trade volumes from countries like Bangladesh and Pakistan by 10-15% over the next two years.
A new phase of the US-China trade agreement included provisions to lower tariffs on specific apparel categories, impacting wool jackets and blazers under this HS code.
March 2022
Stabilized export volumes from China to the US, maintaining China's significant market share.
Countries like Germany and the UK introduced stricter sustainability and ethical sourcing requirements for wool-based apparel imports.
July 2022
Increased production costs for exporters not aligned with these standards, potentially shifting market share to compliant producers.