China's fabric exports to US down, Australia steady

18 Nov '22

2 min read

Pic: Shutterstock.com

China’s fabric exports to the US have been declining since June 2022. Monthly exports came down to $78.897 million in September this year. It is believed that the country is losing market share due to the US’ ban on cotton originating from Xinjiang. However, China’s exports to Australia have remained stable, reaching $18.312 million in September 2022.

The monthly exports of fabrics from China to the US was worth $120.755 million in June 2022, which slipped to $110.803 in July, $93.408 million in August and $78.897 million in September 2022. The exports came down to $283.109 million in Q3 2022 from $342.027 million in Q2 2022. They were at $332.126 million in Q1 2022, $376.557 million in Q4 2021, $382.965 million in Q3 2021 and $390.561 million in Q2 2021, according to Fibre2Fashion’s market insight tool TexPro.

Annually, China’s exports to the US were recorded at $1.432 billion in 2021, $1.294 billion in 2020, $2.484 billion in 2019 and $3.585 billion in 2018. The exports were at $0.957 billion in the first three quarters of this year.

China’s monthly exports of fabric to Australia remained steady in June and July at $18.645 million each. They slipped to $15.811 million in August but improved again to reach $18.312 million in September 2022. The exports amounted to $52.769 million in Q3 2022 and $52.618 million in Q2 2022. China’s exports were valued at $38.035 million in Q1 2022, $38.007 million in Q4 2021, $37.221 million in Q3 2021 and $35.604 million in Q2 2021, as per TexPro.

On an annual basis, China’s exports to Australia were recorded at $138.804 million in 2021, $117.218 million in 2020, $155.056 million in 2019 and $199.897 million in 2018. The exports reached $143.424 million in the first three quarters of 2022.

Fibre2Fashion News Desk (KUL)

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