Thailand cotton yarn exports rise 66.4% in 2013: USDA

According to the USDA report on Thailand Cotton 2014, Thailand exported 63,821 metric tons (MT) of cotton during last year, totaling $217,495, whereas during 2012, the country exported around 33,908 MT of cotton amounting to $130,693.

China was the main destination for exports of Thai cotton yarn during 2013, with Thailand exporting 42,115 MT of cotton worth $121,546, followed by Japan with 4,850 MT totaling $27,322, South Korea with 3,735 MT amounting $14,217, Sri Lanka with 1,979 MT worth $8,546 and Malaysia with 1,822 MT with $7,784.

Meanwhile, Thailand imported 11,166 MT of cotton yarn totaling $60,195, recording a fall of 9.4 percent, compared to cotton imports of 14,375 MT worth $66,469 during 2012.

As per the USDA report, China was the main supplier of cotton yarn to Thailand during last year, supplying 3,657 MT worth $27,805. India ranked second with Thailand importing 3,848 MT of cotton worth $15,749 during last year, followed by Japan with 867 MT totaling $3,646, Indonesia with 611 MT amounting to $3,257 and Egypt with 412 MT worth $2,455.

In 2011, Thailand exported 28,992 MT of cotton yarn totaling $153,435, whereas the country imported 14,227 MT of cotton yarn amounting to $76,008.

Fibre2fashion News Desk - India