China's imports of raw materials ease in June after steep rise in May

16 Aug '22

2 min read

Pic: 123rf.com

China’s imports of raw materials eased in June after sudden rise in May 2022. The imports of fibre, yarn and fabrics recorded similar trend in the previous two months. It is important to note that the Chinese cotton crop got ready for picking in June. Local industry might have increased import in May but reduced before arrival of local crop.

According to Fibre2Fashion’s market insight tool TexPro, Chinese import of yarn reduced to $474.124 million in June from $597.718 million in May. The import of May was higher than $555.957 million of April 2022. The import had witnessed high fluctuations in previous months. The import was $558.953 million in March, $438.329 million in February and $675.143 million in January 2022. China has imported yarn of $3.3 billion in first half of this year. The country had imported yarn of $8.067 billion in 2021, $5.921 billion in 2020 and $7.019 billion in 2019.

Chinese import of fibre reduced to $931.913 million in June from $1002.026 million of May. The import was higher in May compared to $834.018 million of April 2022. The import was $858.924 million in March, $754.739 million in February and $1004.732 million in January 2022. China has imported fibre of $5.386 billion in first half of this year. The country had imported yarn of $8.905 billion in 2021, $7.229 billion in 2020 and $8,617 billion in 2019, as per TexPro.

Chinese import of fabric reduced to $240.068 million in June from $303.937 million of May 2022. The import of May was higher than $263.926 million of April 2022. The import was $294.736 million in March, $211.490 million in February and $240.375 million in January 2022. China imported fabric of $1.556 billion in first half of this year. The country had imported fabric of $3.778 billion in 2021, $3.239 billion in 2020 and $4.606 billion in 2019.

Fibre2Fashion News Desk (KUL)

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