HS Code:
Laminated fabrics (HS Code: 5903) refer to textile fabrics that are laminated with plastics, rubber, or other materials to enhance durability, waterproofing, or other functional properties. These fabrics are widely used in industries such as automotive, construction, medical, and apparel for products like protective clothing, tarpaulins, and upholstery. This category includes fabrics coated or covered on one or both sides with materials that form a distinct layer, often used for technical or industrial applications.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
26.6% of total trade of total trade
Increasing
USD 450 million
14.1% of total trade of total trade
Stable
USD 300 million
9.4% of total trade of total trade
Increasing
USD 280 million
8.8% of total trade of total trade
Stable
USD 200 million
6.3% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Korea FTA)
Rising demand for sustainable laminated fabrics
Increased investment in eco-friendly coatings and recyclable materials due to environmental regulations and consumer preferences.
2021-2023
Growth in medical and protective gear applications
Surge in demand for laminated fabrics in healthcare for items like PPE and hospital bedding post-COVID-19.
2020-2022
Technological advancements in coating techniques
Improved durability and functionality of laminated fabrics, expanding their use in automotive and aerospace industries.
2019-2023
The European Union introduced stricter regulations on chemical coatings used in laminated fabrics to reduce environmental impact.
March 2023
Manufacturers may face higher compliance costs, potentially affecting export competitiveness to the EU market.
A new phase of trade negotiations between the US and China includes reduced tariffs on laminated fabrics as part of broader textile agreements.
January 2023
Expected to boost Chinese exports to the US, potentially increasing market share.
South Korean companies unveiled new bio-based laminated fabrics at a global textile expo, targeting sustainable markets.
September 2022
Positions South Korea as a leader in sustainable textile innovation, likely increasing export volumes.