Business

Bangladesh Remains Top Importer Of Indian Cotton Yarn

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 47,200 tons in May 2022, down 53.27% year-on-year and 53.81% month-on-month. Bangladesh remained the largest export market for Indian cotton yarn, while China fell off the top 10 export markets and ranked twelfth. Indian cotton yarn exports to China in May were 731.45 tons, down 96.64% from a year earlier and 86.17% down from a month earlier. China accounted for just around 2% of India’s cotton yarn exports in May, down from 5% in April 2022.

Shares In Indian Cotton Yarn Export Market In May 2022

Bangladesh, with a share of about 52%, still remained the largest market for Indian cotton yarn, up 3% from April 2022. Vietnam and Portugal ranked third and fourth, accounting for about 4%. South Korea ranked fifth, accounting for 4%, and other countries accounted for less than 4%. With the exception of Egypt, Peru and China, the market share of export countries rose or was just flat compared with April 2022. In May 2022, exports of four mainstream Indian cotton yarns to China all reduced year-on-year. From the month-on-month changes, the exports to China all increased sharply. In May 2022, the main varieties of Indian cotton yarns exported to China were carded C8-25S/1, accounting for 36.84%, and the export volume was 269.5tons, down 97.32% from the same period last year. The proportion of combed C8-25S/1 and C25-30S/1 dropped to 11.13% and 38.85% respectively, down 96.68% and 87.6% respectively compared with the same period last year; while the export of combed C30-47S/1 decreased by 98.87% compared with the same period last year, and the export volume reached 23.13 tons.