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๐Ÿ“ฆ Trousers (348)

Trousers (348)

HS Code:

๐Ÿ“ฆ

Overview

The Trousers (348) category, classified under the Harmonized System (HS) Code 6203 (for men's or boys' trousers) and 6204 (for women's or girls' trousers), encompasses a wide range of apparel including casual, formal, and sportswear trousers made from various materials such as cotton, denim, wool, and synthetic fibers. This category is a significant segment of the global apparel market, driven by fashion trends, seasonal demand, and the growth of fast fashion. It includes products like jeans, chinos, leggings, and tailored trousers, catering to diverse consumer preferences across demographics.

Total Trade Volume

USD 90 billion

Data from 2022

Source

United Nations Comtrade Database & International Trade Centre (ITC)

Tariff Analysis

Average Rate

12% ad valorem

Highest Rate

25% (imposed by certain countries on non-preferential trade partners)

Lowest Rate

0% (under free trade agreements like EU-Vietnam FTA or USMCA)

Common Restrictions

  • Quotas on imports from specific countries
  • Anti-dumping duties on low-cost imports
  • Labeling and safety standards compliance
  • Sustainability and labor standard certifications

Market Trends

Rise of Sustainable Fashion

Increased demand for eco-friendly trousers made from organic cotton or recycled materials, pushing manufacturers to adopt sustainable practices.

2021-2023

Growth of E-commerce

Online retail platforms have boosted global accessibility to trouser brands, significantly increasing trade volumes, especially for fast fashion.

2020-2022

Shift to Casual and Athleisure Wear

Post-pandemic consumer preference for comfortable clothing has driven demand for leggings, joggers, and casual trousers over formal wear.

2020-2023

Recent Developments

EU Imposes Stricter Sustainability Rules

The European Union introduced new regulations under the EU Strategy for Sustainable and Circular Textiles, requiring apparel imports, including trousers, to meet stricter environmental and labor standards.

March 2023

Increased compliance costs for exporters from developing countries, potentially affecting trade volumes to the EU market.

US-China Trade Tensions

Ongoing trade disputes have led to additional tariffs on Chinese apparel exports to the US, prompting a shift in sourcing to countries like Vietnam and Bangladesh.

January 2022

Diversification of supply chains, with reduced reliance on China for trouser imports to the US.

Bangladeshโ€™s Growing Apparel Sector

Bangladesh has invested heavily in its garment industry, improving infrastructure and compliance with international standards, boosting its trouser export capacity.

Mid-2022

Strengthened position as a leading exporter, challenging competitors like China in price and volume.