According to China Customs statistics, the total import and export value of wool textile raw materials and products reached USD 9.78 billion (CNY 67.5 billion) in January-July this year, representing a year-on-year increase of 12.2%. The growth rate has picked up further, with both imports and exports registering accelerated expansion.
In January-July, exports of wool textile raw materials and products stood at USD 7.14 billion (CNY 49.1 billion), up 5.9% year-on-year. Among them, wool textile products mainly made from wool and special animal fibers delivered sound export performance. Over the first seven months, exports of wool textile raw materials and products with wool content exceeding 50% amounted to USD 2.40 billion, rising 10.0% year-on-year. Exports of wool textile raw materials and products with cashmere content over 50% reached USD 0.94 billion, a year-on-year growth of 9.0%.
Major export destinations for wool textile raw materials and products maintained relatively stable performance. Exports to key markets including the EU, ASEAN, the United States and Japan accounted for 62.5% of total export value, 1.1 percentage points higher than the same period of last year. Wool textile products primarily produced from wool and special animal fibers achieved faster export growth to the EU. Shipments to the EU of wool textile raw materials and products with wool content above 50% took up 30.8% of total exports, an increase of 2.1 percentage points year-on-year.
Imports of wool textile raw materials and products totalled USD 2.66 billion (CNY 18.4 billion) in January-July, growing 33.4% year-on-year. Of this total, imports of wool and semi-processed wool were valued at USD 0.65 billion, surging 48.8% year-on-year; import volume hit 180 000 tons, up 4.8% year-on-year; the unit import price stood at USD 8.74 per kilogram, with a year-on-year increase of 41.9%. Apart from wool imported from Australia, import volumes from other major wool-producing countries all recorded growth.
Data from China Wool Textile Association Official Wechat
