HS Code:
The product category under HS Code 4203.10.40 pertains to women's leather jackets, other than anoraks, each having a full frontal opening with no closure, of waist-length, and valued not over $125 per unit. This category includes apparel items made of leather or composition leather, designed for women, and typically used as fashionable outerwear. These jackets are distinct due to their specific design (full frontal opening without closure) and price point, which positions them in the mid-range market segment for leather apparel. This category is part of the broader leather clothing and accessories trade, which is influenced by fashion trends, raw material availability, and labor costs in producing countries.
Total Trade Volume
Approximately $320 million USD
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
$85 million USD
26.6% of total trade of total trade
Increasing
$70 million USD
21.9% of total trade of total trade
Stable
$45 million USD
14.1% of total trade of total trade
Increasing
$30 million USD
9.4% of total trade of total trade
Stable
$25 million USD
7.8% of total trade of total trade
Increasing
Average Rate
6% ad valorem
Highest Rate
12% (applied by certain countries with protective policies for domestic apparel industries)
Lowest Rate
0% (under free trade agreements or preferential trade programs like GSP for developing countries)
Rising demand for sustainable and ethically sourced leather
Increased production costs for manufacturers but higher consumer trust and market access in eco-conscious regions like the EU
2021-2022
Shift towards casual and versatile fashion
Boost in demand for waist-length leather jackets as they align with casual and streetwear trends, especially among younger demographics
2020-2022
Growth in e-commerce and direct-to-consumer sales
Smaller producers and exporters gain access to global markets, reducing dependency on traditional retail channels
2019-2022
The European Union introduced new regulations requiring detailed documentation on leather sourcing to ensure ethical and sustainable practices, affecting exporters from developing countries.
June 2023
Increased compliance costs for exporters but potential for premium pricing in the EU market for certified products
Recent updates to trade agreements between the US and China have stabilized tariffs on leather apparel, providing predictability for Chinese exporters of women's leather jackets.
March 2023
Stable trade volume expected from China to the US, benefiting importers with consistent supply chains
India launched a new export promotion scheme offering incentives for leather apparel exporters, aiming to boost competitiveness against China and Pakistan.
January 2023
Likely increase in India's market share as exporters ramp up production and marketing efforts