Cotton yarn exports to China surge 66%

Pakistan’s cotton yarn exports to China reached $166.37 million, an increase of 65.85%, in the first quarter of 2024, according to statistics of the General Administration of Customs of the People’s Republic of China (GACC). In the first quarter (January-March) of the current calendar year, imports of “uncombed single cotton yarn containing 85% or above” (commodity code 52051200) from Pakistan crossed $99.12 million, compared with $72.70 million in the same period of last year. Similarly, imports of cotton yarn (commodity code 52051100) touched $65.78 million, up from $26.28 million in the corresponding period of the previous year. Keywin Trading Ltd General Manager of China Operations Sajjad Mazahir told China Economic Net that China’s increasing demand for Pakistan’s cotton textiles came because the Chinese industry balanced itself with both exports and local downstream orders. A few years ago, Pakistan’s textile products were in demand only for exports but now it has taken a good market share in China’s domestic market too.