In the context of the turbulent market environment this year

In the context of the turbulent market environment this year, the export of most textiles and chemical fibers has become more difficult, while the export of refined cotton is eye-catching as the volume in the first three quarters is close to the whole-year number of 2021 and the total export of 2022 may hit new highs.

The export of refined cotton outshines others, despite weak macro environment. According to customs data, China exports 6.582kt of refined cotton in Sep 2022, a m-o-m decrease of 1% but a y-o-y growth of 57.2%. In the first nine months of 2022, the exports amount to 62.876kt, up 24.1% y-o-y, close to the whole-year volume of 2016 or 2020 and the export of 2022 is likely to set a record high of exceeding 80kt.