HS Code:
The category 'Made up from fabrics described in subheading 5407.61.11, 5407.61.21, or 5407.61.91 (666)' under the Harmonized System (HS) Code pertains to articles made from woven fabrics of synthetic filament yarn, specifically non-textured polyester filaments. This includes a range of products such as bedspreads, tablecloths, curtains, and other household textiles made from these specific polyester fabrics. These products are often valued for their durability, ease of maintenance, and cost-effectiveness, making them popular in both household and commercial applications globally.
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
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade deals)
Rising demand for sustainable textiles
Increased focus on recycled polyester fabrics, pushing manufacturers to adopt eco-friendly production methods to meet consumer and regulatory demands.
2021-2022
Growth in e-commerce channels
Significant rise in online sales of household textiles, benefiting exporters with strong digital presence and logistics networks.
2020-2022
Shift in production to Southeast Asia
Relocation of manufacturing from China to countries like Vietnam and Bangladesh due to lower labor costs and favorable trade agreements.
2019-2022
The European Union introduced new regulations requiring synthetic textile products to meet higher sustainability and recycling standards, affecting exporters to the EU market.
March 2023
Increased production costs for non-compliant manufacturers, but potential market advantage for those already using sustainable practices.
A recent phase of the US-China trade agreement reduced tariffs on certain synthetic textile products, boosting Chinese exports to the US market.
January 2023
Improved market access for Chinese exporters, potentially increasing competition for other countries.
The EU-Vietnam Free Trade Agreement (EVFTA) further reduced tariffs on Vietnamese textile products, enhancing Vietnam's position in the European market.
August 2022
Strengthened Vietnam's export growth, especially in household textile categories like bedspreads and curtains.