Customs Data: China'S Wool Textile Trade Situation Stabilized In August

According to the data of China Customs, from January to August 2022, the total import and export volume of wool textile raw materials and products amounted to 11.07 billion US dollars, down 2% year-on-year. In August, the total amount of imports and exports in a single month was 1.82 billion US dollars, down 3.2% month on month. For the first time in nearly six months, the month on month decline was still at a high level this year.

From January to August, the export volume of wool textile raw materials and products totaled 8.08 billion U.S. dollars, a year-on-year increase of 1.8%, and the total import volume of 3 billion US dollars, a year-on-year decrease of 10.9%. Combed wool fabric is still the fastest growing category in the category of export wool products.

From January to August, the total amount of imported wool was 195000 tons, a year-on-year decrease of 4.8%. In August, the import of wool was 25000 tons, down 14.5% month on month.