HS Code:
The 'Straps, bands, and bracelets' category, typically classified under HS Code 9113 (watch straps, bands, and bracelets, and parts thereof), encompasses a wide range of products made from materials such as leather, metal, plastic, and textile. These items are primarily used as accessories for wristwatches and smartwatches, with growing demand driven by fashion trends, technological integration (e.g., smartwatch bands), and personalization. This category also includes replacement straps and bands for fitness trackers and other wearable devices. The global trade in this category reflects a mix of luxury and mass-market production, with significant contributions from both high-end craftsmanship and low-cost manufacturing.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database & World Trade Organization (WTO)
Average Rate
6.5%
Highest Rate
12% (imposed by certain developing countries on luxury watch straps)
Lowest Rate
0% (under free trade agreements like EU-Switzerland or USMCA)
Rise in demand for smartwatch bands
Increased production of compatible straps for devices like Apple Watch and Fitbit, driving innovation in materials and design.
2021-2023
Sustainability focus
Growing preference for eco-friendly materials such as vegan leather and recycled plastics, influencing manufacturing practices.
2020-2023
Customization and personalization
Higher demand for bespoke and interchangeable straps, boosting niche markets and online sales platforms.
2019-2023
The European Union reduced tariffs on smartwatch-compatible bands to 2% under a new trade agreement with key Asian exporters.
June 2023
Expected to increase imports from China and Hong Kong, lowering costs for consumers in the EU market.
The United States implemented stricter import controls on straps made from endangered species, aligning with international wildlife protection laws.
March 2023
Shift in market towards synthetic and alternative leather materials, affecting luxury strap manufacturers.
Swiss manufacturers introduced a new line of high-tech luxury straps with embedded NFC chips for authentication and payment features.
September 2022
Strengthens Switzerland's position in the luxury segment, potentially increasing export value.