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US cotton production forecast reduced in December
15 Dec '11
4 min read
U.S. Cotton Textile Trade Shrinks During First 9 Months of 2011
With the global economy's uncertainty, U.S. cotton textile imports and exports have been mixed in 2011 when compared with the year before. During the first 9 months of 2011, cotton product imports had reached only 6.6 billion (raw-fiber equivalent) pounds, 11 percent below the comparable period in 2010 but similar to that reported in 2009.
Cotton product exports, on the other hand, continue their rebound as exports reached 1.4 billion pounds during January-September 2011, 7 percent higher than the 2010 comparable period. As a result, the net cotton trade deficit has declined 15 percent during the first 9 months of 2011 to 5.2 billion pounds.
The top five suppliers of cotton textile and apparel products to the United States continue to account for more than 60 percent of the total. For January-September 2011, the share reached 62 percent, down from nearly 64 percent a year earlier and close to the share achieved in calendar 2009.
While each of the top five suppliers' volume shrank during the first 9 months of 2011, China's volume fell considerably more as its share declined from nearly 34 percent last year to about 32 percent in 2011. Meanwhile, the share from Mexico and Bangladesh has increased slightly this year with India's share unchanged.
With the global economy's uncertainty, U.S. cotton textile imports and exports have been mixed in 2011 when compared with the year before. During the first 9 months of 2011, cotton product imports had reached only 6.6 billion (raw-fiber equivalent) pounds, 11 percent below the comparable period in 2010 but similar to that reported in 2009.
Cotton product exports, on the other hand, continue their rebound as exports reached 1.4 billion pounds during January-September 2011, 7 percent higher than the 2010 comparable period. As a result, the net cotton trade deficit has declined 15 percent during the first 9 months of 2011 to 5.2 billion pounds.
The top five suppliers of cotton textile and apparel products to the United States continue to account for more than 60 percent of the total. For January-September 2011, the share reached 62 percent, down from nearly 64 percent a year earlier and close to the share achieved in calendar 2009.
While each of the top five suppliers' volume shrank during the first 9 months of 2011, China's volume fell considerably more as its share declined from nearly 34 percent last year to about 32 percent in 2011. Meanwhile, the share from Mexico and Bangladesh has increased slightly this year with India's share unchanged.
United States Department of Agriculture (USDA)
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