China’s monthly yarn exports declined to $1,096.505 million in September from $1,472.494 million in May 2022. The US has banned Xinjiang cotton and its products, which may have impacted yarn exports. Products made of cotton originating from Xinjiang cannot be supplied to the US.
China exports cotton yarn, polyester yarn, blended yarn and other types of yarn to many countries. Due to the ban, which came into effect in June 2022, China’s exports of cotton yarn and cotton blended yarn have taken a hit.
China’s yarn exports were $1,265.512 million in April 2022, which increased to $1,472.494 million in May, according to Fibre2Fashion’s market insight tool TexPro. However, they have been declining ever since. The shipment slipped to $1,433.541 million in June, $1,323.384 million in July, $1,172.470 million in August and $1,096 million in September 2022.
The country shipped yarn worth $11.722 billion in the first nine months of this year. Its exports were worth $13.769 billion in 2021, $9.724 billion in 2020, $12.397 billion in 2019 and 12.695 billion in 2018, as per TexPro.
Source: Fibre2Fashion
