HS Code:
The 'Other (653)' category under the Harmonized System (HS) Code typically includes textile fabrics, impregnated, coated, covered, or laminated with plastics, other than those of heading 5902. This category encompasses a variety of specialized textile products used in industries such as construction, automotive, and protective gear. These products are valued for their durability, resistance to environmental factors, and versatility in applications. Global trade in this category reflects demand for innovative materials in industrial and consumer markets.
Total Trade Volume
USD 12.5 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for sustainable materials
Increased investment in eco-friendly coatings and biodegradable plastics for textiles, driving innovation and shifting market preferences.
2021-2022
Growth in automotive and construction sectors
Higher demand for durable, weather-resistant fabrics for vehicle interiors and building materials, boosting trade volumes.
2020-2022
Technological advancements in coating techniques
Improved product performance and customization options, leading to expanded applications and market growth.
2019-2022
The European Union introduced stricter regulations on plastic-coated textiles under the Green Deal, mandating lower carbon footprints and recyclable materials.
March 2023
Exporters to the EU market face higher compliance costs but gain long-term access to a sustainability-focused market.
A new phase of the US-China trade agreement reduced tariffs on certain textile categories, including HS 653 products, to promote bilateral trade.
January 2023
Increased export opportunities for Chinese manufacturers, potentially shifting global trade dynamics.
South Korean firms unveiled new biodegradable plastic coatings for textiles, aligning with global sustainability trends.
September 2022
Positions South Korea as a leader in sustainable textile solutions, likely increasing its market share.