HS Code:
The 'Of single knit construction (222)' category, often classified under specific HS codes related to knitted or crocheted fabrics or apparel (e.g., HS Chapter 60 or 61), refers to textile products made using a single knit technique. This method involves creating fabric by interlocking loops of yarn with a single set of needles, resulting in lightweight, stretchable materials commonly used in t-shirts, sportswear, and casual clothing. Products in this category are significant in global trade due to their widespread use in the fashion and apparel industries, driven by consumer demand for comfortable and affordable clothing.
Total Trade Volume
USD 25.3 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
10.5%
Highest Rate
32% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Vietnam FTA)
Shift towards sustainable materials
Increased demand for organic cotton and recycled polyester in single knit products, driving up production costs but appealing to eco-conscious consumers.
2021-2023
Growth in athleisure wear
Rising consumer preference for comfortable and versatile clothing has boosted demand for single knit fabrics in sportswear and casual wear markets.
2020-2022
Automation in manufacturing
Adoption of advanced knitting machines has improved production efficiency, reduced costs, and allowed for faster response to market demands.
2019-2023
Recent negotiations have led to a temporary reduction in tariffs on Chinese textile exports, including single knit products, to the United States as part of broader trade talks.
October 2023
Expected to increase Chinese exports to the US by 5-10% in the short term, potentially affecting market share of other exporters like Bangladesh and Vietnam.
The European Union has introduced stricter regulations on textile imports, mandating compliance with environmental and labor standards for single knit products.
July 2023
Exporters from developing countries may face higher compliance costs, potentially reducing competitiveness against EU-based manufacturers.
Bangladesh has invested heavily in expanding its textile manufacturing capacity, with a focus on single knit apparel to meet growing global demand.
March 2023
Strengthens Bangladesh's position as a leading exporter, potentially challenging China's dominance in the category over the next decade.