Import& export of polyester cord fabric advance YOY in Jan-Oct, 2023

According to the data from China customs, import of cord fabric made from high-tenacity polyester yarn (hereinafter referred to as polyester cord fabric) was at 3703 tons in Jan-Oct, 2023, a year-on-year increase of 79.5%, and export of polyester cord fabric was at 116141 tons, up 1.90% on annual basis. The net exports amounted to 112439 tons, up by 0.47% on annual basis. Demand for polyester cord fabric has been sound in previous months and sales of HMLS PIY were good.

Polyester cord fabric is a net exported product in China, with export far bigger than import.

Exports of polyester cord fabrics gradually moved up month by month in Q1 2023 and the exports in Feb and Mar both increased on the year. In the second quarter, export of polyester cord fabrics decreased over Q1, the Jun export hit yearly low, while export gradually climbed up in Jul and Aug and decreased slightly in Sep. It rose again in Oct over Sep.

Among the export destinations, in Jan-Oct, 2023, Thailand remained the largest export destination, accounting for 25%, followed by Japan and South Korea, taking up 14% and 9.7% respectively. China's polyester cord fabrics were still mainly exported to Asia. 

As for the YOY change of absolute export volume, export to India rose the most among the major export destinations and the export to Thailand continued reducing the biggest, while Thailand remained the biggest export destination.