Cotton Imports Dropped By 3 Under The Financial Crisis

Since the beginning of this year, part of the decline in the clothing and textile industry of our province has been reflected in the import of cotton.

According to the statistics of Ningbo customs, 20 thousand tons of cotton imported from Ningbo port at 1~10 month, valued at 33 million 560 thousand US dollars, decreased by 32.4% and 20% respectively compared with the same period last year, with an average price of 1690 US dollars / ton, an increase of 18.3%.

These products were mainly imported from India and the United States, and their imports decreased by 12.9% and 22% respectively. The two share accounted for 96% of the total imports.

According to the analysis, the main factors leading to the decline of cotton imports are: on the one hand, China's domestic cotton self-supporting ability is enhanced; on the other hand, influenced by the global financial crisis triggered by the US subprime mortgage crisis, China's textile and clothing exports have been greatly reduced, and the textile industry has been losing weight and the demand for imported cotton has dropped sharply.

Editor: vivi