HS Code:
The 'Other, not braided or plaited' category under the Harmonized System (HS) Code typically refers to products such as ropes, cords, or similar articles that are not manufactured through braiding or plaiting techniques. This category can include a variety of materials like synthetic fibers, natural fibers, or metal wires, used in industries ranging from construction and shipping to agriculture and manufacturing. Due to the broad nature of this classification, products in this category are often specialized or niche, catering to specific industrial needs. The trade of these products is influenced by factors such as raw material availability, manufacturing capabilities, and regional demand for industrial and commercial applications.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 400 million
33.3% of total trade
Increasing
USD 200 million
16.7% of total trade
Stable
USD 150 million
12.5% of total trade
Increasing
USD 100 million
8.3% of total trade
Increasing
USD 80 million
6.7% of total trade
Stable
Average Rate
6.5%
Highest Rate
12% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for synthetic ropes in marine and construction sectors
Increased exports from countries with advanced polymer industries like China and Germany
2021-2022
Shift towards eco-friendly materials
Growing market for natural fiber ropes, benefiting exporters like India and Brazil
2020-2022
Automation in manufacturing processes
Reduction in production costs, leading to competitive pricing in global markets
2019-2022
The European Union introduced stricter environmental standards for synthetic ropes, requiring manufacturers to reduce carbon footprints and improve recyclability.
June 2023
Increased compliance costs for exporters to the EU, potentially benefiting local manufacturers.
A recent trade agreement reduced tariffs on industrial ropes and cords between the US and China, boosting bilateral trade in this category.
March 2023
Expected increase in trade volume by 10-15% over the next two years.
India launched a new export incentive scheme for natural fiber products, including ropes and cords, to promote sustainable trade.
January 2023
Likely to enhance Indiaโs competitiveness in the global market, particularly in eco-conscious regions like Europe.