China Customs: Total Import And Export Volume Of Wool Textile Raw Materials And Products Decreased By 1% From January To July

According to the data of China Customs, from January to July 2022, the total import and export volume of wool textile raw materials and products amounted to 9.2 billion US dollars, down 1% year on year. Among them, the export volume totaled 6.68 billion US dollars, with a year-on-year increase of 3.3%, and the import volume totaled US $2.54 billion, with a year-on-year decrease of 10.7%.

The export volume of most categories of wool textile products showed a year-on-year growth, but the export of wool yarn showed a callback. The recovery of wool textile production and consumption markets in major export destinations, such as the European Union, ASEAN and the United States, has contributed significantly to the growth of wool textile exports. From January to July, the growth rates of wool textile exports to the EU, ASEAN and the United States were 10.9%, 13.9% and 20.4% respectively.

From January to July, the total amount of imported wool was 170000 tons, a year-on-year decrease of 3.9%, further narrowing the decline. Since May, the monthly import volume of wool has recovered significantly, and the import volume in June and July has increased significantly year on year.