Based on the analysis of export enterprise surveys and customs data, some European, American and Japanese brands have avoided purchasing Xinjiang cotton and increased their purchases of finished textile and apparel products from India, Bangladesh, Pakistan and other countries. The United States has maintained high growth from India, Bangladesh, and Pakistan for three consecutive months. In September, the growth rates of textile and apparel imports from the three countries were 24.6%, 39.5%, and 19.8% respectively.
The domestic textile industry in countries such as India and Pakistan is mainly cotton spinning, and the basic chemical industry is underdeveloped. Their domestic polyester, viscose, etc. are imported in large quantities from China. Thanks to the recovery of consumption and the demand for restocking in the United States and Europe and other regions, the demand for intermediate products such as yarn fabrics has increased significantly since October 2020. From January to October, China exported yarn to Bangladesh, India and Pakistan respectively. were US$1.06 billion, US$920 million and US$770 million, an increase of 54.1%, 130.2% and 53.4% respectively.
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