HS Code:
HS Code 6203.41.18 refers to men's or boys' trousers, bib and brace overalls, breeches, and shorts made of wool or fine animal hair, not knitted or crocheted. This subheading falls under Chapter 62 of the Harmonized System, which covers articles of apparel and clothing accessories. Products in this category are typically high-value garments due to the premium materials used, and they are often associated with formal or cold-weather attire. Trade in this category is influenced by fashion trends, seasonal demand, and the availability of raw materials like wool.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
12.5%
Highest Rate
25% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Growing demand for sustainable and ethically sourced wool products
Increased production costs but higher consumer willingness to pay premium prices in markets like Europe and North America
2021-2022
Shift towards casual and hybrid clothing styles
Reduced demand for formal wool trousers, with growth in wool-blend casual wear
2020-2022
Rise of e-commerce in apparel trade
Expanded market access for smaller exporters but increased competition on price and delivery times
2019-2022
The European Union introduced new regulations requiring detailed certification for wool origin and animal welfare standards, impacting exporters from non-EU countries.
January 2023
Potential delays and increased compliance costs for exporters, especially from developing countries, but improved consumer trust in EU markets
A revised trade agreement reduced tariffs on wool apparel, including products under HS 6203.41.18, from 16% to 10% for Chinese exports to the US.
March 2022
Boosted Chinese exports to the US market, intensifying competition for other exporters like Italy and Turkey
Due to supply chain disruptions and adverse weather in major wool-producing regions like Australia, raw wool prices increased by 15%.
October 2022
Higher production costs for manufacturers, potentially leading to reduced trade volumes or higher retail prices in 2023