Home / Knowledge / News / Textiles / US surpasses India in import of cotton
US surpasses India in import of cotton
11
Oct '08
Recently released statistics by MOIT, Vietnam suggest that cotton imports from US surged in August while at the same time there was a sharp decline of imports from India in the same month.

The import of cotton from US increased 51.1% in volume and 103.2% in value year-on-year to 12,000 tons valued at US $20 million in August. Total figure for the first 8 months amounted to 69,200 tons totaling to $106.8 million, accounting for 35.4% of the total cotton imports and showing a rise of 57.6% in volume and 96.8% in value year-on-year.

Due to the strong surge in cotton exports from US, it was able to surpass India which was the biggest exporter of cotton to Vietnam till July 2008.

In contrast, imports of cotton from India sharply decreased in August by 74% in volume and 75.7% in value as compared to July and 87.1% in volume and 84.5% in value as compared to same period 2007.

For the first eight months of 2008, the imports from India stood at 49,500 tons amounting to $76.3 million, year-on–year rise of 99.3% and 157.6% respectively.

In August, Vietnam imported 2,290 tons of cotton from Switzerland, valued at $3.78 million, a decrease of 37.3% in volume and 22.9% in value as compared to July, but soared 14.9% in volume and 48.8% in value year-on-year.

In the first eight months of 2008, import volume reached 8,700 tons worth $12.6 million, a fall of 24% in volume and 13.6% in value year-on-year.

From January to August this year, Vietnam imported a total of 195,600 tons of cotton valued at $301.4 million, showing a year-on-year growth of 27.1% in quantity and 58% in value.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search