About HS Code 550320
This HS code covers synthetic staple fibers made from polyesters, traded in their raw, unprocessed form. Polyester staple fibers (PSF) are the most widely produced synthetic fibers globally, known for their excellent strength, wrinkle resistance, quick-drying properties, and versatility. International trade in PSF is massive, driven by its extensive use in apparel, home textiles, nonwovens, and industrial applications. Major importers are textile manufacturing hubs worldwide, particularly in Asia, which process these fibers into yarns, fabrics, and finished goods. Exporters are typically countries with large-scale petrochemical industries and advanced fiber production capacities. The market is highly competitive, with trade influenced by crude oil prices (as a raw material), environmental concerns (leading to recycled PSF), and evolving fashion trends. Key considerations include fiber denier, cut length, and whether it's virgin or recycled, as these factors determine its suitability for various end-products and market value.
Products Under This Code
Virgin polyester staple fiber, Recycled polyester staple fiber, Hollow conjugated polyester fiber, Solid polyester staple fiber, Flame-retardant polyester fiber, Low-melt polyester fiber
Real World Examples
Reliance Recron PSF, Indorama Ventures PSF, Far Eastern New Century (FENC) PSF, Huvis PSF
Common Misclassification
This code is specifically for polyester staple fibers and should not be confused with polyester filament tow (550120) or polyester yarns (5402xx), as the form factor is critical for classification.
Products Classified Under 5503.20
Industry
This code belongs to the Textiles & Clothing industry.
Trade Overview
China, India, and Vietnam are the largest importers, while China, Taiwan, and South Korea are dominant exporters of polyester staple fibers.
Frequently Asked Questions
What is HS code 550320?
HS code 550320 covers: Fibres; synthetic staple fibres, of polyesters, not carded, combed or otherwise processed for spinning. This HS code covers synthetic staple fibers made from polyesters, traded in their raw, unprocessed form. Polyester staple fibers (PSF) are the most widely produced synthetic fibers globally, known for their excellent strength, wrinkle resistance, quick-drying properties, and versatility. International trade in PSF is massive, driven by its extensive use in apparel, home textiles, nonwovens, and industrial applications. Major importers are textile manufacturing hubs worldwide, particularly in Asia, which process these fibers into yarns, fabrics, and finished goods. Exporters are typically countries with large-scale petrochemical industries and advanced fiber production capacities. The market is highly competitive, with trade influenced by crude oil prices (as a raw material), environmental concerns (leading to recycled PSF), and evolving fashion trends. Key considerations include fiber denier, cut length, and whether it's virgin or recycled, as these factors determine its suitability for various end-products and market value.
What products fall under HS code 550320?
Virgin polyester staple fiber, Recycled polyester staple fiber, Hollow conjugated polyester fiber, Solid polyester staple fiber, Flame-retardant polyester fiber, Low-melt polyester fiber
What are common misclassifications for HS code 550320?
This code is specifically for polyester staple fibers and should not be confused with polyester filament tow (550120) or polyester yarns (5402xx), as the form factor is critical for classification.
How is HS code 550320 structured?
HS code 550320 is a 6-digit subheading under the Harmonized System. The first 2 digits (55) identify the chapter, digits 3-4 (03) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.