HS Code:
Knit to shape articles under HS Code 6117 (as referenced in statistical note 6 to chapter 63) include specific knitted or crocheted articles that are shaped during the knitting process rather than being cut and sewn from fabric. These articles often include components like collars, cuffs, waistbands, and other parts used in the assembly of garments. This category is significant in the apparel industry for its role in producing seamless or near-seamless components, enhancing production efficiency and garment durability.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
10.5% ad valorem
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA)
Shift towards sustainable materials
Increased demand for organic cotton and recycled fibers in knit to shape articles, driven by consumer preference for eco-friendly apparel.
2021-2022
Automation in knitting technology
Adoption of advanced knitting machines has reduced production costs and improved precision, benefiting manufacturers in Vietnam and Turkey.
2020-2022
Nearshoring in apparel supply chains
Growing preference for regional suppliers (e.g., Turkey for Europe) to reduce lead times and shipping costs amidst global supply chain disruptions.
2022
Phase One trade agreement continues to influence tariffs on Chinese knit to shape articles, with some tariff reductions negotiated for specific apparel components.
January 2023
Moderate increase in Chinese exports to the US, though uncertainty remains over long-term tariff policies.
New EU regulations mandate stricter sustainability and transparency standards for knitted apparel components, affecting exporters to the European market.
March 2023
Increased compliance costs for exporters, potentially benefiting EU-based manufacturers like Italy.
Vietnam benefits from the EU-Vietnam Free Trade Agreement (EVFTA), leading to tariff reductions on knit to shape articles exported to the EU.
August 2022
Significant growth in Vietnam’s market share in the EU, challenging competitors like Bangladesh.