HS Code:
Raincoats, classified under HS Code 3926.20 (articles of apparel and clothing accessories of plastics) and 4015.90 (articles of apparel of vulcanized rubber), are waterproof garments designed to protect wearers from rain. This category includes a variety of products such as full-length raincoats, ponchos, and rain jackets made from synthetic materials like PVC, polyurethane, or rubber. The global trade of raincoats is influenced by seasonal demand, weather patterns, fashion trends, and the increasing focus on sustainable and eco-friendly materials. Production is often concentrated in countries with strong textile and synthetic material manufacturing capabilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 200 million
16.7% of total trade of total trade
Increasing
USD 150 million
12.5% of total trade of total trade
Stable
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Decreasing
Average Rate
6.5% ad valorem
Highest Rate
25% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements such as EU-Vietnam FTA)
Rising demand for eco-friendly raincoats
Increased production of raincoats made from recycled plastics and biodegradable materials due to consumer preference for sustainability.
2021-2023
Shift to lightweight and fashionable designs
Growth in demand for stylish, compact raincoats that cater to urban consumers, boosting sales in premium segments.
2020-2022
Growth in e-commerce sales channels
Online platforms have expanded market access for raincoat manufacturers, especially for small and medium enterprises.
2019-2023
The European Union updated its REACH regulations to limit certain plasticizers used in raincoats, requiring manufacturers to adapt formulations.
January 2023
Increased production costs for exporters to the EU, potential market entry barriers for non-compliant producers.
A temporary reduction in tariffs on Chinese apparel and accessories, including raincoats, was agreed upon as part of trade negotiations.
March 2022
Boosted exports of Chinese raincoats to the US, stabilizing prices in the American market.
Vietnam's raincoat exports surged due to trade diversification efforts by Western buyers and benefits from the EU-Vietnam Free Trade Agreement.
July 2022
Increased market share for Vietnamese manufacturers, challenging China's dominance.