HS Code:
The Towels category, classified under HS Code 6302, encompasses a wide range of textile products primarily used for drying or wiping, including bath towels, hand towels, kitchen towels, and beach towels. These products are made from various materials such as cotton, microfiber, and bamboo, catering to both household and commercial use. The global trade of towels is driven by demand in hospitality, retail, and personal care sectors, with significant influence from consumer preferences for quality, absorbency, and sustainability.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
34.6% of total trade
Increasing
USD 900 million
17.3% of total trade
Increasing
USD 700 million
13.5% of total trade
Stable
USD 500 million
9.6% of total trade
Increasing
USD 400 million
7.7% of total trade
Stable
Average Rate
8.5%
Highest Rate
15% (imposed by certain African and South American countries)
Lowest Rate
0% (under free trade agreements like EU-India FTA)
Rising demand for eco-friendly towels
Increased market share for organic cotton and bamboo-based towels, pushing manufacturers to adopt sustainable practices.
2021-2022
Growth in e-commerce sales channels
Direct-to-consumer brands and online marketplaces have expanded access to international markets, benefiting smaller exporters.
2020-2022
Shift toward premium and luxury towel segments
Higher profit margins for exporters focusing on high-quality, branded products targeting affluent markets.
2019-2022
The European Union introduced new regulations requiring towels to meet stricter environmental and chemical safety standards, affecting exporters from developing countries.
March 2023
Potential increase in production costs for non-compliant exporters, while benefiting those already aligned with sustainability standards.
A recent trade agreement between the US and China reduced tariffs on textile products, including towels, to promote bilateral trade.
January 2023
Expected boost in Chinese towel exports to the US market, intensifying competition for other exporters.
The Indian government introduced a rebate scheme for textile exports, including towels, to enhance competitiveness in global markets.
September 2022
Likely increase in Indiaโs towel export volume, particularly to the EU and North American markets.