HS Code:
The 'Of man-made fibers' category (HS Code 646) includes a range of textile products made from synthetic or artificial fibers such as polyester, nylon, and acrylic. These products encompass yarns, woven fabrics, and other textile materials used in various industries including apparel, home furnishings, and industrial applications. Man-made fibers are valued for their durability, versatility, and cost-effectiveness compared to natural fibers, making them a significant component of global textile trade.
Total Trade Volume
USD 85.3 billion
Data from 2022
Source
United Nations Comtrade Database
USD 38.7 billion
45.4% of total trade of total trade
Increasing
USD 9.2 billion
10.8% of total trade of total trade
Stable
USD 7.5 billion
8.8% of total trade of total trade
Increasing
USD 5.1 billion
6.0% of total trade of total trade
Increasing
USD 4.8 billion
5.6% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
25% (imposed by certain developing countries on imports to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU trade deals)
Rising demand for sustainable and recycled man-made fibers
Increased investment in recycling technologies and eco-friendly production processes, driving market growth in regions with strict environmental regulations.
2021-2022
Shift towards technical textiles using man-made fibers
Growing applications in automotive, medical, and industrial sectors are boosting demand for specialized fibers like aramid and carbon fiber.
2020-2022
Supply chain diversification post-COVID-19
Countries are reducing reliance on single suppliers (e.g., China) by sourcing from multiple regions, benefiting exporters in Southeast Asia and India.
2021-2022
The European Union introduced stricter sustainability criteria for textile imports, including man-made fibers, under the EU Green Deal, requiring compliance with circular economy principles.
March 2022
Exporters must adapt to new environmental standards, potentially increasing production costs but opening opportunities for sustainable producers.
The United States imposed additional tariffs on Chinese man-made fiber products as part of ongoing trade disputes, prompting supply chain shifts to other Asian countries.
September 2022
Reduction in Chinese exports to the US market, with countries like Vietnam and Bangladesh gaining market share.
Major producers in South Korea and Taiwan announced multi-billion-dollar investments in recycling man-made fibers to meet global demand for sustainable textiles.
July 2022
Enhanced production capacity for recycled fibers, positioning these countries as leaders in sustainable textile trade.