-Overview of national yarn exports

According to China Customs statistics, the national yarn import and export volume from January to May 2014 was 2.798 million tons, a year-on-year increase of 6.5%, and the import and export volume was US$9.03 billion, a year-on-year decrease of 0.6%. Among them, the export quantity was 1.66 million tons, an increase of 9.9%; the export value was US$5.21 billion, a decrease of 0.5%; the average export unit price was US$3.13/kg, a year-on-year decrease of 9.5%. The import quantity was 1.137 million tons, an increase of 1.8%; the import value was US$3.82 billion, a decrease of 0.9%. The average unit price of imports was US$3.36/kg, a year-on-year decrease of 2.6%.
In the first five months of this year, the overall national yarn export volume showed a slight upward trend, and the export volume basically remained stable. Overcoming the impact of the holidays in the first quarter, yarn exports entered a relatively stable growth track in the second quarter.
1. The amount of yarn exports increased slightly in May.
The monthly exports from January to May 2014 were: January exports were US$1.07 billion, down 1.1%; February exports were US$690 million, down 6.1%; March exports were US$1.08 billion, down 5.3%; Exports in April were US$1.2 billion, up 2.8%; exports in May were US$1.16 billion, up 5.5% year-on-year.
Among them, the export value of chemical fiber yarn in May was US$720 million, a year-on-year increase of 9.1%; the export value of cotton yarn was US$190 million, a decrease of 7.9%; the export value of wool and animal hair yarn was US$130 million, an increase of 5.8%.
2. From January to May 2014, exports to ASEAN, the EU, North America and Latin America all increased, while exports to Japan and South Asia declined.
From January to May 2014, the Asian market accounted for 69.4% of China’s yarn exports, with export volume reaching US$3.61 billion, a year-on-year decrease of 4.1%. In the first five months of this year, exports to ASEAN grew steadily, with the export volume reaching 257,000 tons, an increase of 35.6%, and the export value being US$840 million, an increase of 20.7%. Among them, exports to Vietnam increased the most, with exports of US$410 million, an increase of 69.8%; exports to Malaysia, Indonesia and Cambodia all increased to varying degrees, with exports of US$0.6 billion, US$120 million and US$80 million respectively, an increase of 6.8%. , 3.1% and 34.4%. Exports to Myanmar declined, with exports reaching US$30 million, a decrease of 20.8%.
From January to May, China’s yarn exports to Hong Kong were US$880 million, a decrease of 24.2%. Exports to South Asian countries India and Bangladesh both declined, with export amounts reaching US$240 million and US$380 million respectively, representing year-on-year decreases of 8.8% and 4.8% respectively. Exports to Pakistan increased, with export value reaching US$230 million, an increase of 3.4%.
From January to May, China’s yarn exports to Japan were US$170 million, a decrease of 0.5%; exports to North America increased, with an export value of US$240 million, an increase of 17.5%. Exports to the EU and Latin America were US$610 million and US$260 million, an increase of 9.8% and 2.4% respectively.
3. The export price of yarn has declined.
From January to May 2014, the export price of yarn was US$3.13/kg, a year-on-year decrease of 9.5%. Yarn export prices to Asia, the European Union and Latin American markets were US$3.6/kg, US$2.81/kg and US$2.27/kg respectively, down 8.8%, 6.7% and 11.2% year-on-year. The export unit price of silk yarn increased, reaching US$43.95/kg, an increase of 21.3%; the export unit price of cotton yarn, wool animal hair yarn and chemical fiber yarn were US$4.79/kg, US$31.92/kg and US$2.85/kg, which decreased respectively. 2.6%, 6.2% and 9.1%.
​4. Related links:
1. Textile industry production data from January to May 2014
According to statistics from the National Bureau of Statistics, from January to May 2014, the national yarn output was 14.947 million tons, a year-on-year increase of 7.8%; the chemical fiber output was 17.504 million tons, a year-on-year increase of 7.1%; the cloth output was 2.658 million tons, an increase of 2.6%.
2. Cotton price
China’s cotton price index (CNCOTTON328) was 19,530 yuan/ton on January 1, 2014, and then fell back to as low as 19,387 yuan/ton on January 16. It then recovered slightly. Then the price continued to drop until it reached 17,350 yuan/ton on June 26.