HS Code:
The Men's category (HS Code: 334) typically includes men's clothing and apparel such as suits, shirts, trousers, jackets, and other related garments. This category is a significant segment of the global textile and apparel industry, driven by fashion trends, seasonal demand, and economic factors. It encompasses a wide range of products made from various materials like cotton, wool, and synthetic fibers, catering to both casual and formal wear markets. Trade in this category is influenced by factors such as labor costs, production capabilities, and trade agreements between countries.
Total Trade Volume
USD 92.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
12.5%
Highest Rate
35% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Shift towards sustainable fashion
Increased demand for eco-friendly materials and ethical production practices, pushing manufacturers to adopt sustainable methods.
2021-2023
Rise of e-commerce
Significant growth in online sales channels for men's apparel, leading to higher cross-border trade and direct-to-consumer models.
2020-2022
Casualization of menswear
Growing preference for casual and athleisure wear over formal attire, influencing production and export patterns.
2019-2023
A new phase of the trade agreement between the US and China reduced tariffs on men's apparel, boosting Chinese exports to the US market.
January 2023
Expected to increase trade volume by 5-7% in the short term.
The European Union introduced stricter sustainability and labor standards for imported apparel, requiring compliance from exporters.
March 2023
May increase production costs for non-compliant exporters, potentially shifting trade to countries with established sustainable practices.
Bangladesh continues to expand its garment manufacturing capacity, supported by government incentives and foreign investment.
June 2023
Likely to solidify Bangladesh's position as a leading exporter, potentially surpassing competitors in low-cost production.