HS Code:
The 'Of cotton, cut to shape' category (likely under HS Code 6307.90 or similar, depending on specific classification) refers to cotton products that have been cut into specific shapes for various uses, such as cleaning cloths, rags, or other utility items. These products are widely traded globally due to their versatility in household, industrial, and commercial applications. This category excludes finished garments or apparel and focuses on semi-finished or utility cotton goods. Trade in this category is influenced by factors such as raw cotton availability, labor costs, and manufacturing capabilities in producing countries.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and World Trade Organization (WTO) Reports
$450 million USD
37.5% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Increasing
$150 million USD
12.5% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
8.5% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA or EU trade pacts)
Shift towards sustainable cotton sourcing
Increased demand for organically grown cotton and certified sustainable products, pushing exporters to adopt eco-friendly practices
2021-2023
Rising labor costs in traditional manufacturing hubs
Shift of production to lower-cost regions like Bangladesh and Vietnam, affecting trade patterns
2020-2022
Growth in industrial applications
Higher demand for cotton cut-to-shape products in cleaning and manufacturing sectors, boosting trade volumes
2019-2023
The European Union introduced new regulations requiring cotton products to meet specific environmental and labor standards, affecting exporters from developing countries.
March 2023
Increased compliance costs for exporters but potential for premium pricing in the EU market for certified products
A revised trade agreement reduced tariffs on certain cotton products, including those cut to shape, to improve market access for Chinese exporters.
January 2023
Boosted Chinese exports to the US, potentially shifting market share from other exporters like India
India revised its export incentives for cotton products to support small and medium enterprises in the textile sector, including cut-to-shape items.
September 2022
Enhanced competitiveness of Indian products in global markets, likely increasing trade volume