US Cotton Textile Trade Failed In The First Quarter

According to the US Department of agriculture report, the first quarter of 2012, the United States cotton

Less than last year, because economic growth is sluggish.

Consumer demand for products.

In January 2012 -3, the import of cotton products was only 1 billion 900 million (equivalent to that of unprocessed fiber), which was 10% lower than that of the same period in 2011.

Similarly, in the first three months of 2012, exports of cotton textiles and clothing were 413 million pounds, down from the same period last year.

Therefore, the trade deficit of cotton products in the first quarter of 2012 was 1 billion 400 million pounds, compared with 1 billion 600 million pounds in the same period in 2011.

In the overall trade deficit of cotton products, cotton products still account for the largest proportion, accounting for more than 50% of the overall deficit in the first quarter of 2012.

Although the number of cotton products imported from most countries and regions decreased in the United States, the proportion of five main suppliers increased slightly in the first quarter of 2012, while other countries decreased.

However, among the five largest suppliers, only India and Bangladesh increased their proportion in the calendar year ended recently.

In the first 3 months of 2012, the proportion of India increased to 10%, compared with 8% in the 2010 and 2011 calendar year, while the percentage growth in Bangladesh was slightly below 2%, reaching 7.6%.

At the same time, China, the United States cotton

The largest single source country was 28.5% in the first 3 months of 2012, which was significantly lower than in 2010 and 2011.

The US cotton export market is still more concentrated than the import channel.

In the month of January 2012 -3, the top five countries accounted for 85% of the total exports of the United States, compared with 84% in the same period last year.

Although the market share of major destinations is similar to that of last year, the market share of individual countries has changed.

Honduras, the largest destination of cotton products in the United States, dropped to 36% from 40% last year.

On the contrary, the proportion of Mexico, Salvatore and Canada increased in the first quarter of 2012, and their market share occupied Honduras's market share.