HS Code:
The 'Not more than 920 decitex' category typically refers to synthetic filament yarn or thread, often used in textiles and industrial applications. This category falls under specific HS codes such as 5402.33 (textured yarn of polyesters) or similar subheadings, depending on the material and use. Products in this category are critical for manufacturing fabrics, ropes, and other woven or knitted materials. Global trade in this category is influenced by the demand for synthetic fibers in apparel, automotive, and industrial sectors, as well as by regional production capacities and trade policies.
Total Trade Volume
Approximately $5.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$1.8 billion USD
34.6% of total trade of total trade
Increasing
$750 million USD
14.4% of total trade of total trade
Increasing
$500 million USD
9.6% of total trade of total trade
Stable
$400 million USD
7.7% of total trade of total trade
Stable
$350 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Rising demand for sustainable synthetic fibers
Increased investment in recycled polyester yarns and eco-friendly production methods, driving trade growth in regions with green policies.
2021-2022
Shift in production to Asia-Pacific
Lower labor and production costs in countries like China and India have led to a higher export share from the region, impacting Western producers.
2020-2022
Technological advancements in yarn production
Innovations in high-strength and lightweight synthetic yarns have boosted demand in automotive and industrial applications.
2022
The European Union introduced anti-dumping duties ranging from 5% to 10% on specific synthetic filament yarns from China to protect domestic producers.
March 2023
Potential reduction in Chinese exports to the EU, with possible trade diversion to other markets like Southeast Asia.
New rules under the USMCA agreement have reduced tariffs on synthetic yarns traded between the US, Mexico, and Canada, promoting regional supply chains.
January 2023
Increased trade volume within North America, benefiting US exporters.
The Indian government announced subsidies and tax rebates for synthetic yarn exports under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.
August 2022
Enhanced competitiveness of Indian synthetic yarn in global markets, especially in the EU and Middle East.