China's PSF exports change in Jan-May, 2023

According to China Customs, uncarded PSF exports of China were 98kt in May, 2023, an increase of 8.9% year on year but down 7.5% month on month.

In the first five months of 2023, exports totaled 504.5kt, up 27.01% year on year. The exports maintained good and reached multi-year high.

In terms of the top 10 export destinations in Jan-May, 2023, Vietnam remained the largest export markets, with a volume of 82,404 tons, up about 25.4% from the same period of 2022. Except the United States, exports to these major markets all saw two-digit growth year on year. Exports to Southeast Asia, like Pakistan, Bangladesh, Indonesia and India, all saw large year on year increase. This has been analyzed in the article: Conjecture on the large increase of China's PSF exports. The textile imports in Southeast Asia are gradually shifting to upstream market, and in PSF industrial chain, the imports have progressed to the PSF this year.

For the export market proportion, Vietnam took the largest share of 16.33%, but the share reduced by 0.21% year on year. Pakistan and Bangladesh took the second and third largest shares, and their shares increased by 1.97% and down 0.34% respectively. Again, the shares of United States reduced to 4.97%, down 3.96% year on year.

PSF exports continue to increase year on year in Jan-Apr, 2023. This year, there are still large new capacities of PSF into operation, mostly in Q3 and Q4. Hengyi Yida's new unit has started up in May. With the larger supply, PSF exports may keep increasing.