VFY export of China keeps falling for consecutive four months

According to customs data, VFY (H.S. code: 54033190) export of China decreased by 6.12% month on month but increased by 2.57% year on year to 7.709kt in Apr. In the first four months of 2025, the exports amount to 33.385kt, rising by 15.5% on yearly basis. The average export volume in the first quarter of 2025 is 8,346 tons, which is much higher than 7,226 tons in the same period of 2024.

The export price of VFY in Apr hit a 3-year low of $5,112/mt since Jan of 2022. In the first four months of 2025, the average export price is $5,232/mt, which is lower than $5,435/mt in the same period of 2024.

India, Pakistan, Italy and Turkey are the top four destinations of China's VFY export, accounting for 90% of total in Apr. As for origins, Xinxiang Chemical Fiber, Jilin Chemical Fiber, Yibin Grace and Hubei Golden Ring are the major exporters in China, taking up 96% of the total volume.

Among the top four destinations, the export to Turkey saw a notable year-on-year reduction of 70% in Apr, while that to Pakistan and Italy increased by 52% and 40% respectively. As for the top four origins, the export volume generally dropped on yearly basis, except for an increase from Jilin where the volume grew by 51% compared with the same period of 2024.