HS Code:
The category of fabric containing by weight 5 percent or more elastomeric yarn or rubber thread (HS Code 659) includes specialized textiles used primarily in apparel and industrial applications for their elasticity and durability. These fabrics are integral to products like sportswear, medical garments, and elastic bands due to their stretchable properties provided by elastomeric yarns such as spandex or rubber threads. This category is a niche but significant segment of the global textile market, driven by demand in fashion, healthcare, and technical textiles.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade deals)
Rising demand for sustainable elastomeric fabrics
Increased investment in bio-based elastomeric yarns and recycling initiatives, pushing manufacturers to adopt eco-friendly practices to meet consumer and regulatory demands.
2021-2022
Growth in athleisure and sportswear markets
Significant boost in demand for stretchable fabrics, particularly in North America and Europe, driving innovation in high-performance textiles.
2020-2022
Technological advancements in elastomeric yarn production
Improved durability and elasticity of fabrics, expanding applications in medical and industrial sectors, and reducing production costs.
2019-2022
The European Union introduced new regulations requiring elastomeric fabric producers to comply with stricter environmental standards, focusing on reducing water and chemical usage in production.
March 2023
Increased production costs for non-compliant exporters, potentially shifting trade towards certified sustainable producers.
A recent amendment in the US-China trade agreement reduced tariffs on elastomeric fabrics from 12% to 8%, aiming to balance trade relations.
January 2023
Boosted exports from China to the US, benefiting Chinese manufacturers and US apparel industries with lower input costs.
A leading South Korean textile company launched a new line of bio-based elastomeric yarns, claiming a 30% reduction in carbon footprint compared to traditional spandex.
September 2022
Increased competitiveness of South Korean exporters in eco-conscious markets like Europe and North America.