Home >> Textile News >> China's PSF exports keep high in Jul, 2023

China's PSF exports keep high in Jul, 2023

2023-09-11 08:23:29 CCFGroup

According to the China Customs, uncarded PSF exports of China were 97.5kt in Jul, 2023, an increase of 15.2% year on year but down 3.5% month on month.

In the first seven months of 2023, exports totaled 703.1kt, up 22.9% year on year. The monthly average exports exceeded 100kt this year, reaching multi-year high.

In terms of the top 10 export destinations in Jan-Jul, 2023, Vietnam remained the largest export markets, with a volume of 118,028 tons, up about 28.2% from the same period of 2022. Pakistan ranked the second place, up 30.5% year on year. Except the United States, exports to these major markets all saw two-digit growth year on year. U.S. saw the largest reduction, down by 17.7% year on year.

Top 10 export destinations of PSF in Jan-Jul, 2023
Unit: KT	2023	2022	yearly change
Vietnam	118,027.74	92,037.138	28.24%
Pakistan	78,602.90	60,251.119	30.46%
Turkey	46,946.57	21,877.890	114.58%
Indonesia	46,138.11	37,757.312	22.20%
Bangladesh	37,194.75	32,218.470	15.45%
Brazil	36,663.14	29,541.354	24.11%
United States	31,410.77	38,139.868	-17.64%
Russia	24,271.05	15,957.156	52.10%
Israel	22,366.19	18,624.376	20.09%
India	21,693.42	19,479.342	11.37%

For the export market proportion, Vietnam took the largest share of 16.8%, up 0.7% year on year. Pakistan and Turkey took the second and third largest shares, and their shares increased by 0.65% and 2.85% respectively. Again, the shares of United States reduced to 4.47%, down 2.2% year on year.

Keywords: