HS Code:
Men's or boys' jackets of woven cotton corduroy, less than mid-thigh in length, with long sleeves, and a full or partial front opening (classified under HS Code 6201.92.45) represent a niche segment of the global apparel market. These jackets are typically casual or semi-formal wear, often associated with seasonal fashion (fall and winter) due to the durability and warmth of corduroy fabric. The category includes a variety of styles such as bomber jackets and trucker jackets, catering to both adult and youth demographics. This product category is influenced by fashion trends, sustainability concerns, and shifting consumer preferences toward durable and versatile clothing.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
UN Comtrade Database, International Trade Centre (ITC)
$90 million USD
36% of total trade of total trade
Increasing
$50 million USD
20% of total trade of total trade
Increasing
$30 million USD
12% of total trade of total trade
Stable
$25 million USD
10% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Decreasing
Average Rate
10.5% ad valorem
Highest Rate
16% (imposed by certain developed markets like the EU under specific trade conditions)
Lowest Rate
0% (under free trade agreements such as USMCA or EU-Vietnam FTA)
Rising demand for sustainable fashion
Increased preference for eco-friendly corduroy made from organic cotton or recycled materials, pushing manufacturers to adopt greener practices.
2021-2023
Shift toward casual wear
Growth in demand for corduroy jackets as part of the casualization of fashion, especially post-pandemic, benefiting exporters targeting Western markets.
2020-2022
Regional production shifts
Movement of production from China to countries like Bangladesh and Vietnam due to lower labor costs and favorable trade agreements.
2019-2023
The European Union introduced new regulations under the EU Green Deal, requiring apparel manufacturers to disclose environmental impact data for products like corduroy jackets.
March 2023
Increased compliance costs for exporters but potential for premium pricing on certified sustainable products.
A temporary reduction in additional tariffs on Chinese apparel exports to the US has been agreed upon, benefiting corduroy jacket exports.
January 2023
Boost in Chinese exports to the US market, potentially increasing competition for other exporting countries.
Bangladesh secured enhanced access to the EU market under the GSP+ scheme, reducing tariffs on apparel including corduroy jackets.
November 2022
Strengthened Bangladeshโs position as a leading exporter to Europe, challenging competitors like Vietnam and India.