China loses 2nd biggest export market tag for "Indian Cotton Yarn"

17 March 2022, Mumbai:

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 110,800tons in January 2022, up 34.77% year-on-year but down 9.77% month-on-month.

Bangladesh remained the largest export market for Indian cotton yarn, while China was overtaken by Turkey and reached the second-largest export market for the first time since April 2021.

Indian cotton yarn exports to China in Jan were 6944tons, down 68.1% from a year earlier and 42.1% from a month earlier.

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Judging from the proportion of Indian main cotton yarn export market in Jan 2022, China lost the second largest market for Indian cotton yarn and was overtaken by Turkey, accounting for about 6.2% of the Indian cotton yarn export market in Jan 2022, down 4% from Dec 2021.

Bangladesh, with a share of about 45%, remained the largest market for Indian cotton yarn, up 5% from Dec 2021. Turkey, now the second-largest export market for Indian cotton yarn, accounted for 6.3%, down 3% from Dec 2021.

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Portugal, Egypt and Vietnam ranked fourth, fifth and sixth, accounting for about 5%, Peru accounted for 4%, South Korea accounted for 3%, and other countries accounted for less than 3%.

In Jan 2022, Indian cotton yarn exports to China were significantly lower than the same period last year. From the year-on-year changes, Turkey saw the largest year-on-year increase, up 1408.48%.

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CREDITS: CCF Group (The news article has not been edited by DFU Publications staff).