HS Code:
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
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)
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
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
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
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