South Korea, Pakistan, India dominant found in dropping USA cotton yarn import value!
13 January, 2021
Cotton yarns import value of USA has dropped 8.64 % to US $ 71.61 million in Jan.-Nov. ’20 period, according to OTEXA data.
There is nil shipment from China to USA in cotton yarn category and the most notable 3 shippers were South Korea, Pakistan and India which collectively shipped US $ 48.30 million worth of cotton yarns to USA.
South Korea shipped US $ 18.14 million worth of cotton yarns to USA in the 11-month period of 2020, declining 11.34 % on yearly basis.
Pakistan, a solid country in generating cotton products, saw a drop of 13.90 % in its exports of cotton yarns to the USA in the explained period and it valued US $ 15.57 million.
On the other hand, the drop recorded by India in its cotton yarn exports to USA was comparatively lower than South Korea and Pakistan.
India shipped US $ 14.70 million worth of cotton yarns in Jan.-Nov. ’20 period, falling just 2.50 % on Y-o-Y basis.
No other region could reach double-digits in its respective cotton export ideals to USA.
Mexico, being leading among remaining shippers, clocked US $ 3.96 million from its cotton yarn exports to USA, reducing by huge 61.57 per cent on Y-o-Y basis.
Source: apparelresources.com
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