HS Code:
The category 'Labels, badges and similar articles of textile materials, in the piece, in strips or cut to shape or size, not embroidered' (HS Code: 5807.10) includes woven or non-woven textile labels and badges used primarily for branding, identification, or decorative purposes in garments, accessories, and other textile products. These items are essential in the apparel and textile industries for compliance with labeling regulations and brand recognition. They are typically produced in bulk and exported globally to meet the demands of the fashion and manufacturing sectors.
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 180 million
15.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Shift towards sustainable materials
Increasing demand for labels made from recycled or organic textiles due to environmental regulations and consumer preferences.
2021-2022
Digitalization of supply chains
Adoption of digital tracking and QR-coded labels for traceability, boosting demand for innovative textile label solutions.
2020-2022
Growth in fast fashion
Rising production in low-cost countries like Bangladesh and Vietnam to meet the high turnover needs of fast fashion brands.
2019-2022
The European Union introduced stricter regulations under the Green Deal, mandating eco-friendly materials and transparency in labeling for textile products.
March 2023
Increased production costs for non-compliant exporters but opened opportunities for sustainable label manufacturers.
A new phase of the US-China trade agreement reduced tariffs on certain textile accessories, including labels, fostering higher export volumes from China to the US.
January 2023
Boosted trade volumes for Chinese exporters, potentially affecting market share of other countries.
Bangladesh reported a 15% increase in textile label exports due to expanded garment manufacturing and favorable trade agreements with the EU.
July 2022
Strengthened Bangladesh's position as a key supplier, increasing competition for established players like China.