HS Code:
The 'Not exceeding 14 nm per single yarn (300)' category typically falls under the Harmonized System (HS) Code related to textile yarns, specifically finer yarns used in weaving or knitting. This category includes yarns with a metric number (nm) not exceeding 14 per single yarn, indicating a relatively coarse yarn often used in specific textile applications like heavy fabrics or industrial textiles. This product category is significant in global trade due to its application in apparel, home textiles, and industrial sectors, with trade influenced by raw material availability, labor costs, and manufacturing capabilities.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA)
Shift towards sustainable production
Increased demand for yarns produced with eco-friendly processes and materials, pushing manufacturers to adopt greener technologies.
2021-2022
Rising labor costs in traditional hubs
Shift of production to countries with lower labor costs like Vietnam and Bangladesh, affecting trade patterns.
2020-2022
Automation in manufacturing
Improved efficiency and quality in yarn production, benefiting larger exporters like China while challenging smaller players.
2019-2022
As part of the Phase 1 trade deal, the US reduced tariffs on certain textile categories, including specific yarn types, boosting Chinese exports to the US.
January 2020
Increased trade volume from China to the US by approximately 10% in this category.
The EU introduced stricter sustainability and labor standards for textile imports, requiring exporters to comply with environmental certifications.
March 2022
Higher compliance costs for exporters, particularly affecting smaller producers in developing countries.
Bangladesh announced incentives for textile exporters, including tax breaks and subsidies, to boost its global market share in yarn and fabric categories.
July 2022
Strengthened Bangladesh's position as a key exporter, with a projected 5% increase in trade volume for 2023.