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Global Tariffs, Categorized

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📦 Of man-made fibers (647)

Of man-made fibers (647)

HS Code:

📦

Overview

The 'Of man-made fibers' category (HS Code: 647) includes a range of textile products made from synthetic or artificial fibers such as polyester, nylon, and acrylic. These products encompass woven fabrics, knitted fabrics, and other textile articles used in clothing, home furnishings, and industrial applications. Man-made fibers are valued for their durability, versatility, and cost-effectiveness compared to natural fibers. This category is a significant segment of the global textile industry, driven by demand in fashion, automotive, and technical textile sectors.

Total Trade Volume

USD 45.6 billion

Data from 2022

Source

United Nations Comtrade Database

Tariff Analysis

Average Rate

8.5%

Highest Rate

25% (imposed by certain developing countries to protect local industries)

Lowest Rate

0% (under free trade agreements like USMCA or EU trade pacts)

Common Restrictions

  • Import quotas in specific markets to control volume
  • Anti-dumping duties to prevent price undercutting
  • Labeling and certification requirements for synthetic content
  • Environmental regulations on production processes

Market Trends

Rising demand for sustainable man-made fibers

Increased investment in recycled polyester and bio-based fibers due to consumer and regulatory push for sustainability

2021-2022

Growth in technical textiles

Higher demand for man-made fibers in automotive, medical, and construction sectors due to their strength and adaptability

2020-2022

Shift of production to Asia-Pacific

Lower labor and production costs in countries like China and Vietnam have concentrated manufacturing in the region

2019-2022

Recent Developments

EU Green Deal Impact on Textile Imports

The European Union introduced stricter environmental regulations under the Green Deal, affecting imports of man-made fiber products by mandating sustainability certifications.

March 2023

Increased compliance costs for exporters but potential market advantage for sustainable producers

US-China Trade Agreement Update

A new phase of the US-China trade agreement reduced tariffs on certain man-made fiber products, boosting exports from China to the US.

January 2023

Positive short-term boost for Chinese exporters; potential oversupply in the US market

Innovation in Recycled Fibers

Major textile companies in South Korea announced breakthroughs in recycled polyester production, reducing costs and improving quality.

September 2022

Enhanced competitiveness of South Korean exporters in eco-conscious markets like the EU