HS Code:
The 'Of cotton' category, typically classified under various HS Codes such as 5208 to 5212 for cotton fabrics and 6101 to 6117 for cotton apparel, encompasses a wide range of products made primarily of cotton, including woven fabrics, knitted fabrics, and finished garments. Cotton products are a cornerstone of the global textile industry due to their versatility, comfort, and widespread use in clothing, home textiles, and industrial applications. This category is significant in international trade, driven by demand for sustainable and natural fibers, though it faces challenges from synthetic alternatives and fluctuating raw cotton prices.
Total Trade Volume
USD 90 billion
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
USD 25 billion
27.8% of total trade of total trade
Increasing
USD 15 billion
16.7% of total trade of total trade
Increasing
USD 12 billion
13.3% of total trade of total trade
Increasing
USD 8 billion
8.9% of total trade of total trade
Increasing
USD 5 billion
5.6% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
25% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-India or USMCA)
Rising demand for sustainable and organic cotton
Increased production costs but higher market value and consumer preference in regions like Europe and North America
2021-2023
Shift towards fast fashion and e-commerce
Boosted trade volumes for low-cost cotton apparel exporters like Bangladesh and Vietnam, though it pressures margins
2020-2022
Competition from synthetic fibers
Reduced market share for cotton in some segments due to cheaper and more durable alternatives like polyester
2019-2023
The United States implemented the Uyghur Forced Labor Prevention Act, banning imports of cotton products linked to forced labor in China's Xinjiang region.
June 2022
Significant supply chain disruptions for global brands, increased demand for cotton from alternative sources like India and Brazil
The European Union introduced stricter sustainability and traceability requirements for cotton imports under the EU Strategy for Sustainable Textiles.
March 2022
Higher compliance costs for exporters but improved market access for certified sustainable cotton producers
India launched a scheme to boost domestic manufacturing of cotton textiles and apparel, aiming to increase exports.
September 2021
Strengthened India's position as a leading exporter, with a projected increase in trade volume over the next five years