HS Code:
Tracksuits, classified under HS Code 6112, encompass knitted or crocheted sportswear typically consisting of a jacket and trousers, often used for athletic activities or casual wear. This category includes tracksuits made of various materials such as cotton, polyester, and blends, catering to both professional sports and fashion markets. The global trade of tracksuits is driven by demand in fitness, leisure, and athleisure trends, with significant production centered in countries with strong textile industries.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
UN Comtrade Database
Average Rate
12.5%
Highest Rate
32% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rise of Athleisure Wear
Increased demand for tracksuits as casual and versatile clothing, boosting trade volumes by 15% annually in key markets like the US and Europe.
2021-2022
Sustainability Focus
Growing preference for eco-friendly materials like recycled polyester, influencing production practices in major exporters like Vietnam and Turkey.
2022
E-commerce Growth
Online retail platforms have expanded market access for smaller exporters, contributing to a 20% rise in direct-to-consumer sales of tracksuits.
2020-2022
The European Union revised tariffs on textile imports, lowering rates for sustainable tracksuit manufacturers under the GSP+ scheme to encourage eco-friendly production.
March 2023
Expected to increase imports from countries like Bangladesh by 10% over the next two years.
A new phase of trade negotiations reduced tariffs on certain apparel categories, including tracksuits, easing export costs for Chinese manufacturers.
January 2023
Likely to reinforce China's dominance in the market, with a projected 5% trade volume increase.
Vietnam invested in advanced textile manufacturing technologies, boosting production capacity for high-quality tracksuits.
June 2022
Strengthened Vietnam's position as a key exporter, with trade volume growth of 8% in 2022.