Page 27 - November/December-2019

26 Automation for Spinning Mills

®
Pak-China FTA dents Indian cotton

yarn exports

India’s exports of cotton yarn have declined 38.8% turn, led to a drop in prices.
during the six months (April to September), with
June being the worst affected month in the last five China’s free trade agreement (FTA) with Pakistan
years. Exports this year stood at 422 million kgs from April this year is seen as one of the major
valued at $1.27 billion compared to 654 million kgs factors for the drop in India’s cotton yarn exports to
valued at $2.08 billion in the same period last year. China, which is among India’s top markets.

Quantity-wise, exports of cotton yarn have declined There is an import duty ranging from 3.5% to 5% on
every month from 90 million kgs in April 2019 to 67 cotton yarns imported from India into major
million kgs in September 2019. The export quantity markets like China, EU, Turkey and South Korea as
of 59 million kgs in June 2019 was the lowest against imports from competing countries like
monthly export in the last five years. As a result of a Bangladesh, Cambodia, Pakistan, Indonesia and
decline in exports this year, the supply of cotton Vietnam which enjoys benefits of zero duty in these
yarn has increased in the domestic market and in markets.

AGV SPINNING CAN TRANSPORT

- FREE NAVIGATION
- SELF CHARGING
Fall in US apparel imports from China - MODULAR GRIPPER SYSTEM

- CONSTANT USE
Pakistan booked second-highest growth - ADAPTED TO WORKER´S
ENVIRONMENT

The volume of US apparel imports fell for a second In terms of individual supplier countries, just four of
consecutive month in September as additional the top-ten recorded a year-on-year increase in
tariffs on clothing imports from China kicked in and shipment volumes in September, with Cambodia
the back-to-school season came to an end. Growth booking the highest growth at 25.59%. China – the Watch our Product Video
in shipment volumes from Cambodia surged during largest supplier of apparel to the US – saw the
the month, while China booked the largest decline largest decline in shipments at 13.16% year-on-year
– a milestone that adds to the suggestion that US to 1.17bn SME, with imports from the country down
buyers are continuing to explore alternative sourcing 13.3% month-on-month from the 1.35bn SME
options amid the ongoing trade war with the US. recorded in August.

The latest figures from the Department of Pakistan booked the second-highest growth with a
Commerce's Office of Textiles and Apparel (OTEXA) 16.09% surge to 50m SME. Indonesia recorded the
show the volume of US apparel imports from all only other rise with shipments up 3.18% to 94 SME.
sources fell 6.8% month-on-month in September to For more information please contact:
2.59bn square metre equivalents (SME). The Mexico, meanwhile, reported the second-highest MR. UWE LENKEIT
figures also show a 4.34% decline in volume decline at 8.53% to 59m SME. El Salvador, India Phone.: +49 (0)5941 604-267
against the same month last year and a 2.1% drop and Honduras all also reported declines at 4.96%, eMail: uwe.lenkeit@neuenhauser.de
in value terms year-on-year to US$7.77bn. 0.65%, and 0.62% respectively.
Neuenhauser Maschinenbau GmbH
Hans-Voshaar-Str. 5 | 49828 Neuenhaus GERMANY

October/November 2019 WWW.NEUENHAUSER-TEXTILE.COM