HS Code:
The 'Other, of polyesters' category under the Harmonized System (HS) Code typically falls within the broader classification of 3920.69 or related codes, referring to plates, sheets, film, foil, and strip, of polyesters, other than polyethylene terephthalate (PET). This category includes a variety of polyester-based products used in packaging, industrial applications, and manufacturing. These materials are valued for their durability, flexibility, and resistance to chemicals and moisture, making them essential in industries such as automotive, electronics, and construction.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 850 million
26.6% of total trade of total trade
Increasing
USD 620 million
19.4% of total trade of total trade
Stable
USD 480 million
15.0% of total trade of total trade
Increasing
USD 310 million
9.7% of total trade of total trade
Increasing
USD 250 million
7.8% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards sustainable polyester materials
Increased demand for bio-based and recycled polyester products due to environmental concerns, driving innovation in production processes.
2021-2022
Growth in automotive and electronics applications
Rising use of polyester films in lightweight automotive components and electronic displays, boosting trade volumes in key manufacturing hubs.
2020-2022
Regional supply chain diversification
Countries are seeking alternative suppliers beyond China to mitigate risks from geopolitical tensions and supply chain disruptions.
2022
The European Union introduced provisional anti-dumping duties on polyester products from specific Asian countries to protect domestic manufacturers.
March 2023
Potential increase in costs for EU importers and a shift in trade flows towards other regions.
A leading chemical company announced a new process for producing high-quality recycled polyester, aligning with global sustainability goals.
July 2023
Expected to reduce dependency on virgin polyester and influence market preferences towards eco-friendly products.
Negotiations between the US and China included discussions on reducing tariffs on industrial polyester products as part of broader trade talks.
September 2023
Could lead to increased trade volumes between the two countries if finalized, benefiting exporters.