Pakistan Actively Seeks To Export Cotton To China

Pakistan's Observer newspaper recently reported that China's textile market has shown a good recovery in recent years, which is a good sign for Pakistan's cotton exports. China is one of the main export destinations of Pakistan cotton, but since April this year, the export of Pakistan cotton has been depressed. The economic indicators of China's textile market rebounded in May. Although the retaliatory consumption after the outbreak has not yet arrived, the apparel industry has actively adjusted its strategy to achieve a gradual recovery of the market. Because the early sowing seedlings of cotton are damaged by locusts, the output of Pakistan cotton will be lower than that of the previous 8 million packages. Pakistan's domestic demand for cotton is expected to resume in June following the government's gradual lifting of the blockade after the Eid al Fitr.

Compared with the Chinese market, the demand for cotton in the western market is expected to continue to slump. US imports of cotton are estimated at 2 thousand bales, 133 thousand for the EU and 2 million 68 thousand for China. Cotton consumption in the US, EU and China is estimated to be 631 thousand, 144 thousand and 8 million 274 thousand, respectively. Exporters say that a large number of textile products are exported to the United States, Britain, Italy, Spain, Germany and other western countries every year. Affected by the epidemic, Pakistan has lost a large number of export orders, the situation is very grim. Textile exports are very important for Pakistan to maintain the balance of foreign exchange and payments. If this situation lasts for a few months, the Pakistan textile industry will be faced with a huge crisis.