BAKU, Azerbaijan, Apr. 21
By Klavdiya Romakayeva - Trend:
The largest share of textile exports from January through March 2021 fell on Russia amounting to 32.8 percent, while in value terms it accounts for $209.4 million, Trend reports referring to the State Statistics Committee of Uzbekistan.
According to the State Statistics Committee, textile products in 3M2021 were exported in the amount of $637.7 million, which amounted to 26.6 percent of the total export volume, increasing by 37.8 percent compared to the same period last year.
In particular, in the structure of exports of textile products, the main share is occupied by cotton yarn (54.9 percent), as well as finished knitwear and garments (23.1 percent). More than 364 types of textile products were exported to 54 countries of the world during the reporting period.
The committee reports that the largest share of exports of textile products for 1Q2021 fell on Russia ($209.4 million - 32.8 percent), China ($170.1 million - 26.7 percent), and Kyrgyzstan ($84 million - 13.2 percent).
It is noted that the resumption of production activity and an increase in production volumes of the main manufacturers of textile products - China, Turkey, India, and Pakistan against the background of the weakening of quarantine restrictions and a decrease in the impact of the COVID-19 pandemic. At the same time, China and Turkey are the main consumers of Uzbek textile semi-finished products.
Also, the growth in prices for yarn and its purchasing activity in Uzbekistan is influenced by the stable demand for cotton fiber and consumer expectations of further price increases in the first half of this year.
In addition, one of the factors behind the growth in prices for cotton and yarn is the desire of the Chinese side to replace their volumes (including production in Xinjiang) through supplies from outside.
It was noted that this trend will continue and will spread not only to cotton and yarn but also to its processed products (fabrics and knitted fabrics, terry products, etc.).
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