China’s monthly yarn exports declined to $1,096.505 mn in September from $1,472.494 mn 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 mn in April 2022, which increased to $1,472.494 mn in May, according to market report. However, they have been declining ever since. The shipment slipped to $1,433.541 mn in June, $1,323.384 mn in July, $1,172.470 mn in August and $1,096 mn in September 2022.
The country shipped yarn worth $11.722 bn in the first nine months of this year. Its exports were worth $13.769 bn in 2021, $9.724 bn in 2020, $12.397 bn in 2019 and 12.695 bn in 2018, as per market report.
