A trade war with China affect cotton yarn exports - Vietnam
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According to Vietnam provided cotton association, Vietnam cotton imports reached 156 in 2018.
80000 tons, imports of 30.
$1. 1 billion, a year-on-year growth of 21%, respectively, 27.
In January 2018, Vietnam cotton imports continue to increase, the reason is that China's increasing demand for imported yarn in Vietnam.
Since August 2018, in a trade war with China, Vietnam cotton yarn exports affected, yarn prices, loss and inventory to rise in Vietnam cotton imports.
According to the association analysis, international cotton prices in mid - 2018 to the year high, after the decline gradually, the cotton price fluctuation brings great influence to Vietnam cotton imports, imports after damping and cotton prices also fell.
A trade war with China also led to the decrease of the Chinese demand for imports Vietnam yarn.
According to the association analysis, the RMB exchange rate had fallen by 9% in 2018, the Indian rupee fell 12%, dong only down 2.
2%, which make the Vietnam yarn price and India than losing competitiveness.
In Turkey is cotton consumption power, lira currency fell 40%, many factories were forced to shut down, lead to sharply reduce demand for imports of cotton yarn, affect the Vietnam cotton yarn exports.
Competition at the same time, many Vietnamese yarn varieties to China, many manufacturers in producing high count to preempt the Vietnam market in the United States have also turned to low a gauze, cotton yarn exports to Vietnam squeeze again and again.
Looking ahead to 2019, thanks to its widening cotton yarn production, Vietnam will continue to increase imports of cotton to produce high quality and stable quality of cotton yarn, cotton, cotton imports will continue to increase.