Cotton import during the first eleven months of 2017 reached 1.0546 mil tons, up 40%.
Textile business turned flat in November. New crop from northern hemisphere started to arrive in market and cotton supply became abundant. Cotton import continued to decline this month. Of all the import patterns, logistic goods in the special supervision zone of customs and processing trade with imported material reported a boost in share to about 35% each. In terms of origins, cotton from Brazil saw a sharp increase that surpass Australia to become the biggest supplier of the month with a share of 27%. Import quota used in November is dominated by 1% import duty, which accounts for nearly 90% of the import. Customs reporting the biggest import includes Qingdao, Urumqi and Nanjing. The biggest buyers include Shandong, Xinjiang and Jiangsu. According to China Customs, cotton import totaled 72200 tons in November, down 7.4% from October but up 31.48% from a year ago. Average import price is 1852 USD/ton, down 92 USD or 4.7% from previous month but up 1.6% from a year ago. Cotton import during the first eleven months of 2017 reached 1.0546 mil tons, up 40%. Import during Sept-Nov totaled 242900 tons, up 55.1%. Cotton yarn import totaled 193900 tons in November, up 8.41% from a year ago and up 14.33% from October. January through November, cumulative cotton yarn import reached 1.795 mil tons, up 1.4%. Textile and garment export totaled 152.47 bil USD in November, up 4.9% year on year and up 6.5% from a month earlier. Textile export totaled 65.88 bil USD, up 8.5%. Garment export totaled 86.59 bil USD, up 2.3%. January through November, cumulative textile and garment export totaled 1.65282 trillion yuan, up 5%. Textile export totaled 678.08 bil yuan, up 7.6%. Garment export totaled 974.74 bil yuan, up 3.3%.