HS Code:
The Hand-knotted category, primarily under HS Code 5701, encompasses carpets and other textile floor coverings that are hand-knotted or hand-woven. These products are often considered high-value due to their craftsmanship, cultural significance, and labor-intensive production processes. They are typically made from materials like wool, silk, or cotton and are produced in regions with a long history of textile artistry. This category is a significant segment of the global textile trade, often associated with luxury and artisanal markets.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$450 million USD
37.5% of total trade of total trade
Increasing
$250 million USD
20.8% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$50 million USD
4.2% of total trade of total trade
Decreasing
Average Rate
8-12% ad valorem
Highest Rate
Up to 25% (in certain markets like the EU for specific subcategories)
Lowest Rate
0-2% (under free trade agreements or for developing countries under GSP schemes)
Growing demand for sustainable and ethically produced carpets
Increased market share for producers adhering to fair trade and eco-friendly practices, especially in North America and Europe
2021-2023
Shift towards online retail and e-commerce platforms
Smaller producers and artisans gaining access to global markets, though facing challenges with logistics and digital marketing
2020-2023
Decline in demand due to competition from machine-made alternatives
Price-sensitive markets are opting for cheaper, mass-produced carpets, affecting traditional hand-knotted producers
2019-2022
Partial lifting of sanctions on Iranian goods, including hand-knotted carpets, allowing limited re-entry into the US market under specific conditions.
March 2022
Potential increase in Iranian export volumes, though full market recovery remains uncertain due to lingering restrictions.
New regulations requiring proof of sustainable sourcing and ethical labor practices for imported hand-knotted carpets in the European Union.
January 2023
Increased compliance costs for exporters, potentially reducing competitiveness of smaller producers.
Government initiatives to boost exports of hand-knotted carpets through subsidies, training programs, and international trade fair participation.
September 2022
Strengthened position of Indian exporters in global markets, with a projected growth in trade volume.