Cotton yarns import value of USA has dropped 8.64 per cent to US $ 71.61 million in Jan.-Nov. ’20 period, as per OTEXA data.
There was nil shipment from China to USA in cotton yarn category and the top 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 per cent on yearly basis.
Pakistan, a strong country in producing cotton products, saw a drop of 13.90 per cent in its exports of cotton yarns to the USA in the said 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 much 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 per cent on Y-o-Y basis.
No other country could reach double-digits in its respective cotton export values to USA.
Mexico, being top among remaining shippers, clocked US $ 3.96 million from its cotton yarn exports to USA, decreasing by huge 61.57 per cent on Y-o-Y basis.