China fell off the top 10 imports of Indian cotton yarn

According to the latest import and export data, the total exports of Indian cotton yarn (HS code 5205) was 47,200tons 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 the twelfth. Indian cotton yarn exports to China in May were 731.45tons, down 96.64% from a year earlier and 86.17% from a month earlier.

Judging from the proportion of Indian main cotton yarn export market in May 2022, China fell off the top 10 imports of Indian cotton yarn, accounting for about 2% of Indian cotton yarn export market in May 2022, down 5% from Apr 2022. Bangladesh, with a share of about 52%, still remained the largest market for Indian cotton yarn, up 3% from Apr 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 Apr 2022.

In May 2022, Indian cotton yarn exports to China were lower than the same period last year and month. From the year-on-year changes, China saw the largest year-on-year fall, down 96.64%. From the month-on-month changes, all dropped somewhat except South Korea and Sri Lanka in the Top 10 export markets. As the largest export market for Indian cotton yarn, the exports to Bangladesh moved down by 44.25% month-on-month and continued to take the first place in May 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 23.13tons.

In conclusion, Indian cotton yarn exports in May 2022 moved down year-on-year and month-on-month. Major export markets were Bangladesh, Egypt and Vietnam. The exports to China fell evidently year-on-year and month-on-month. In May 2022, the export of the four main Indian yarns exported to China all decreased compared with the same period last year and month. Indian carded C8-25S/1 exports were still the largest among the exports of the four mainstream Indian cotton yarns.