HS Code:
The Waste (including noils, yarn waste, and garnetted stock) of man-made fibers category, classified under HS Code 5505, encompasses the by-products and waste materials generated during the production and processing of man-made fibers such as polyester, nylon, and acrylic. These materials are often recycled or repurposed for use in lower-grade textiles, insulation, or industrial applications. This category plays a critical role in the circular economy of the textile industry, reducing waste and promoting sustainability.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database
$80 million USD
32% of total trade of total trade
Increasing
$45 million USD
18% of total trade of total trade
Stable
$30 million USD
12% of total trade of total trade
Increasing
$25 million USD
10% of total trade of total trade
Increasing
$20 million USD
8% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries to protect domestic recycling industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Rising demand for recycled materials
Increased trade volume as industries adopt sustainable practices and seek waste materials for recycling into new products.
2021-2022
Technological advancements in recycling
Improved processing techniques have made it more cost-effective to reuse man-made fiber waste, boosting trade in this category.
2020-2022
Stringent environmental regulations
Countries with strict waste disposal laws are exporting more waste materials, while importers face higher compliance costs.
2019-2022
The European Union updated its Circular Economy Action Plan, emphasizing stricter regulations on textile waste and promoting recycling of man-made fibers within member states.
March 2022
Increased intra-EU trade of waste materials and potential reduction in exports to non-EU countries due to compliance costs.
China continues to enforce its National Sword Policy, restricting imports of certain waste materials while increasing domestic recycling capacity for man-made fibers.
January 2022
Reduced imports of waste materials into China, redirecting trade flows to other Asian and European markets.
A bilateral agreement between the US and India was signed to facilitate the trade of textile waste, including man-made fiber waste, with reduced tariffs.
September 2022
Boosted trade volume between the two nations, with India emerging as a key destination for US waste exports.