Business

China's Imports Of Indian Cotton Yarn Fell In April

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 72,600 tons in April 2022, down 18.54% year-on-year and 31.13% month-on-month. Bangladesh remained the largest export market for Indian cotton yarn, while China climbed back up to the second largest export market. Indian cotton yarn exports to China in April were 5,288.4 tons, down 72.59% from a year earlier and 13.34% from a month earlier. While China accounted for about 7% of India’s cotton yarn imports, Bangladesh with a share of about 49% remained the largest market for Indian cotton yarn. Egypt and Portugal ranked third and fourth, accounting for about 7% and 4%. Peru ranked fifth, accounting for 4%, and other countries accounted for less than 4%. With the exception of Turkey, the market share of export countries rose or was just flat compared with March 2022. In April 2022, Indian cotton yarn exports to China were lower than the same period last year and month. From the year-on-year changes, Egypt saw the largest year-on-year increase, up 44.3%. From the month-on-month changes, all dropped somewhat. As the largest export market for Indian cotton yarn, the exports to Bangladesh moved down by 24.02% month-on-month and continued to take the first place in April 2022. In April 2022, exports of four mainstream Indian cotton yarns to China all decreased year-on-year. From the month-on-month changes, the exports to China all increased except the carded C8-25S/1 and combed C30-47S/1. In April 2022, the main varieties of Indian cotton yarns exported to China were carded C8-25S/1, accounting for 61.49%, and the export volume was 3,251.72 tons, down 63.42% from the same period last year. The proportion of combed C8-25S/1 and C25-30S/1 dropped to 9.92% and 10.79% respectively, down 86.38% and 83.59% respectively compared with the same period last year; while the export of combed C30-47S/1 decreased by 87.76% compared with the same period last year, and the export volume reached 203.14 tons. In conclusion, Indian cotton yarn exports in April 2022 moved down year-on-year and month-on-month. Major export markets were Bangladesh, China and Egypt. The exports to China fell year-on-year and month-on-month. In April 2022, the export of the four main Indian yarns exported to China all decreased compared with the same period last year. Indian carded C8-25S/1 exports were still the largest among the exports of the four mainstream Indian cotton yarns.