HS Code:
Rubber thread and cord, textile covered (HS Code: 560410), refers to products made of rubber threads or cords that are covered with textile materials. These products are primarily used in the textile and apparel industry for applications such as elastic bands, sportswear, and medical textiles. They are valued for their elasticity, durability, and flexibility. This category plays a significant role in industries requiring stretchable materials and is often integrated into fabrics for functional and comfort purposes.
Total Trade Volume
USD 320 million
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 Single Market or USMCA)
Growing demand for sustainable materials
Increased interest in eco-friendly rubber and textile coverings, pushing manufacturers to adopt biodegradable or recycled materials.
2021-2022
Rise in athleisure and sportswear
Higher demand for elastic materials like textile-covered rubber threads in sportswear and fitness apparel, boosting trade volumes.
2020-2022
Automation in production
Adoption of advanced manufacturing technologies has reduced costs and improved quality, benefiting exporters in competitive markets.
2019-2022
The European Union introduced stricter environmental and safety standards for textile-covered rubber products, requiring compliance with REACH regulations.
March 2023
Exporters to the EU market may face higher compliance costs but gain access to a premium market with certified products.
A partial rollback of tariffs on specific rubber and textile products was agreed upon as part of Phase One trade negotiations between the US and China.
January 2023
Reduced tariffs have increased export volumes from China to the US, benefiting Chinese manufacturers in this category.
Thailand announced incentives for advanced rubber processing facilities to boost export quality and capacity for textile-covered rubber products.
July 2022
Expected to strengthen Thailand's position as a leading exporter, potentially increasing market share in the coming years.