HS Code:
The category 'Parts and accessories of machines of heading 8445 or of their auxiliary machinery' (HS Code: 8448) includes components and accessories specifically designed for machines used in the preparation of textile fibers, such as carding, combing, and spinning machines, as well as auxiliary machinery related to these processes. This category is critical for the textile industry, supporting the maintenance and efficiency of production equipment. Products under this code encompass a wide range of items, including spindles, spindle flyers, card clothing, combs, and other specialized parts.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 650 million
20.3% of total trade of total trade
Increasing
USD 500 million
15.6% of total trade of total trade
Stable
USD 450 million
14.1% of total trade of total trade
Increasing
USD 380 million
11.9% of total trade of total trade
Stable
USD 300 million
9.4% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Shift towards automation and precision components
Increased demand for high-quality, durable parts to support automated textile machinery, driving innovation in materials and manufacturing processes.
2021-2022
Growing textile production in Asia-Pacific
Rising exports of parts and accessories to countries like India, Bangladesh, and Vietnam, where textile industries are expanding rapidly.
2020-2022
Sustainability focus in textile machinery
Manufacturers are prioritizing eco-friendly and energy-efficient components, influencing demand for innovative parts under HS 8448.
2022
Negotiations have progressed to reduce tariffs on HS 8448 category products, aiming to facilitate smoother trade between the EU and China.
June 2023
Expected to lower costs for European textile manufacturers and increase Chinese exports of machinery parts.
Leading manufacturers in Germany and Japan introduced next-generation spindles with enhanced durability and efficiency, targeting high-speed textile production.
March 2023
Likely to boost demand for premium parts, benefiting exporters from these countries while challenging lower-cost competitors.
The US imposed additional tariffs on specific Chinese exports under HS 8448 as part of ongoing trade tensions, citing unfair trade practices.
January 2023
Redirected some trade flows to alternative suppliers like India and Turkey, increasing costs for US importers.