HS Code:
Heading 6203 (433) under the Harmonized System (HS) Code pertains to men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches, and shorts (other than swimwear), specifically focusing on jackets and blazers. These are typically made from woven fabrics and are distinct from knitted or crocheted garments. This category includes both formal and casual outerwear designed for men and boys, often used in business or semi-formal settings. Jackets and blazers in this category are significant in global apparel trade due to their widespread use across climates and cultures, with variations in materials such as wool, cotton, and synthetic fibers.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 3.2 billion
25.6% of total trade of total trade
Increasing
USD 1.8 billion
14.4% of total trade of total trade
Increasing
USD 1.5 billion
12.0% of total trade of total trade
Stable
USD 1.1 billion
8.8% of total trade of total trade
Increasing
USD 0.9 billion
7.2% of total trade of total trade
Stable
Average Rate
12.5% ad valorem
Highest Rate
35% (imposed by certain developing countries on imports)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA)
Shift towards sustainable materials
Increased demand for jackets and blazers made from recycled or organic fabrics, influencing production in major exporting countries like Vietnam and Bangladesh.
2021-2022
Rise of fast fashion
Growth in low-cost production hubs like China and Bangladesh to meet quick turnaround demands from global retailers.
2020-2022
Digitalization of supply chains
Adoption of e-commerce and digital tracking has streamlined exports, particularly benefiting countries like Italy with premium branding.
2022
The EVFTA, fully implemented in 2022, has reduced tariffs on Vietnamese apparel exports to the EU, boosting the export of jackets and blazers.
August 2022
Significant increase in Vietnam's market share in the EU, challenging competitors like China.
Ongoing trade disputes have led to additional tariffs on Chinese apparel, prompting buyers to diversify sourcing to countries like Bangladesh and Vietnam.
Mid-2022
Slight decline in China's dominance in the US market for jackets and blazers.
New EU regulations mandate stricter sustainability and transparency standards for apparel imports, affecting production practices globally.
January 2023
Increased production costs for non-compliant exporters, benefiting countries with established sustainable practices like Italy.