Cotton yarn export continued to surge in April

Cotton yarn export was at 104 million kg worth US$330 million (INR2,136 crore), twice from April 2017. During the month, 75 countries imported yarn at an average price of US$3.20 a kg, US cent 1 more than previous month and down US cents 8 from last year.

China sharply increased its import from India by almost four time in volume and value terms and was top importer during the month. It was followed by Bangladesh with volume and value both rising 45% over the year. Portugal and Vietnam were the other major importers, also doubling their imports from India. Peru was the fifth largest destination.

About 13 countries did not import any cotton yarn from India as they did last April, but were replaced by 13 other countries which imported yarn worth US$1.80 million.

Bulgaria, Indonesia, Hong Kong and USA were among the fastest importers of cotton yarn in April while Austria, Brazil and United Arab Emirates significantly reduced their import compared to last year.

Combed yarn export accounted for 63% of total exports during April with China and Bangladesh were the major buyers followed by Portugal and Veitnam.

Knit yarn was more than half of total export value of cotton yarn. Again China and Bangladesh were the major markets followed by Vietnam and Peru.

30s and 32s were the major counts in export during April with top five markets of China, Bangladesh, Portugal, Peru and Vietnam.