HS Code:
The category 'Woven fabrics obtained from strip or the like' under HS Code 620 refers to fabrics made by weaving strips of materials such as plastic, straw, or other synthetic or natural materials. These fabrics are typically used in the production of items like mats, bags, and other utility products. This category falls under the broader classification of textiles and textile articles, and it plays a niche but significant role in industries focused on sustainable or alternative materials. Global trade in this category is influenced by demand for eco-friendly products, industrial applications, and regional production capabilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
8.5%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Vietnam FTA)
Rising demand for sustainable materials
Increased production and export of woven fabrics made from recycled or natural strips due to global push for eco-friendly products.
2021-2022
Shift towards industrial applications
Growing use in packaging and construction industries has boosted trade volumes, especially from Asian countries with low-cost production.
2020-2022
Technological advancements in weaving
Innovations in weaving techniques have improved product durability and reduced costs, benefiting exporters like China and India.
2019-2022
The European Union introduced new regulations requiring certification for woven fabrics made from synthetic strips to ensure they meet recycling and sustainability standards.
March 2023
This may increase compliance costs for exporters from developing countries but could favor those already aligned with green practices.
India announced a new incentive scheme offering rebates on exports of niche textile products, including woven fabrics from strips, to boost global competitiveness.
January 2023
Expected to increase India's market share in this category, particularly in markets like the EU and North America.
The EVFTA, implemented in 2020, has led to a significant reduction in tariffs on Vietnamese woven fabric exports to the EU, boosting trade volumes.
Ongoing since August 2020
Vietnam has seen a steady rise in exports to the EU, challenging traditional exporters like China.