According to Chinese customs statistics, the national yarn import and export volume from January to February 2018 was 3.26 billion billion US dollars, up 15.9 percent year on year. The import and export volume was 1.197 million tons, up 8.9 percent year on year. Among them, the export value was 2.11 billion US dollars, up 37.1 percent; the export volume was 813000 tons, up 27.8 percent year-on-year; the average unit price of exports was 2.6 US dollars/kg, up 7.3 percent year-on-year. Imports amounted to US $1.15 billion, down 9.8 per cent from the same period last year, while the average unit price of imports was US $3/kg, up 6.3 per cent from the same period last year.

Main yarn categories maintain growth in January-February 1.

From January to February, the export value of yarn was 2.11 billion billion US dollars, up 37.1 percent year-on-year. Among the main export categories, cotton yarn and chemical fiber yarn maintained double-digit growth. Exports of cotton yarn and chemical fiber yarn were $0.29 billion and $1.47 billion, respectively, up 38 percent and 40 percent year-on-year. Among them, the export volume of cotton yarn was 70000 tons, an increase of 39.9, and the price was 4.16 US dollars/kg, a decrease of 1.3. The export volume of chemical fiber yarn was 594000 tons, up 31.2 percent, and the price was 2.47 US dollars/kg, up 6.7 percent.

　　Exports in major 2. markets grew steadily, with significant growth in Belt and Road countries.

ASEAN is the largest market for yarn exports, accounting for 18.6 per cent of yarn exports. From January to February, China's exports to ASEAN reached 0.39 billion billion US dollars, up 56.8 percent. Among ASEAN countries, China exports the most yarn to Vietnam, ranking second in the yarn export market, accounting for 7.7 percent. From January to February, I exported 0.14 billion US dollars to Vietnam, up 46.1 percent. Among other ASEAN countries, exports to the Philippines grew fastest, with exports of US $0.075 billion billion, an increase of 236.6 per cent. The country rose to 10th place among export markets, surpassing Indonesia, Thailand and Cambodia.

Among other Asian markets, Bangladesh ranks first in my yarn export market, accounting for 11%. From January to February, China's exports to Bangladesh rose rapidly, with exports worth US $0.23 billion billion, up 61.8 percent.

Exports from countries along the Belt and Road to Turkey and Russia have increased significantly, with the two countries ranking fourth and 20th respectively. Among them, exports to Turkey amounted to US $0.117 billion billion, up 62.8 per cent, or 5.6 per cent. Exports to Russia grew significantly, with exports worth $0.026 billion billion, up 57.5 per cent.

Among other markets, exports to the United States reached US $0.104 billion billion, up 30.7 per cent year-on-year. Exports to the EU were $0.22 billion billion, an increase of 29.1 per cent. Exports to Hong Kong were 0.13 billion billion U.S. dollars, up 7.4 percent. Yarn exports to Japan were $0.053 billion billion, down 2.5 percent.

Major 3. coastal export provinces maintain growth
In terms of export volume, the coastal provinces are the main export force of yarn. The top five provinces and cities are Zhejiang, Jiangsu, Fujian, Shandong and Guangdong, accounting for 78.4 percent of the total. All provinces maintained growth. Among them, Fujian's average export growth was the fastest, with an export value of 0.22 billion billion U.S. dollars, an increase of 233 percent. Zhejiang, Jiangsu and Guangdong maintained rapid double-digit growth, with exports of US $0.72 billion, US $0.44 billion and US $0.12 billion, an increase of 51.3 per cent and 27.6 per cent and 10.5 per cent respectively. Shandong's exports rose 9.1 percent to $0.15 billion billion.

In terms of export unit prices, the top five exporting provinces have maintained growth. Among them, the average unit price in Zhejiang Province and Fujian Province was US $1.97/kg and US $2.15/kg, an increase of 13% and 17.8 respectively. Guangdong exports the highest unit price, an average of $5.1/kg, an increase of 9.1. Among the remaining provinces, Inner Mongolia and Ningxia had higher export unit prices of US $72.6/kg and US $20.1/kg respectively, with Inner Mongolia up 2.8 per cent and Ningxia down 63.1 per cent.

Unit prices of major 4. categories are mixed
From January to February 2018, except for the export unit price of cotton yarn of US $4.2/kg, a slight decrease of 1.3, the export unit price of all other types of yarn kept rising. Among them, the export unit price of silk thread, wool yarn and chemical fiber yarn was 50.8 US dollars/kg, 29.1 percent and 2.5 US dollars/kg respectively, up 17.3 percent, 1.6 percent and 6.7 percent year-on-year.

Overview of National Cotton Yarn Import in 5.

(I) domestic cotton yarn imports to maintain growth

According to Chinese customs statistics, China's cotton yarn imports from January to February 2018 totaled US $0.8 billion billion, down 14.3 percent, accounting for 70 percent of total yarn imports and 24 percent of total textile and clothing imports. Imports were 288000 tons, down 17.2 percent year-on-year. The import price was $2.8/kg, up 3.5 per cent.

(II) Vietnamese yarn is still favored.

In recent years, a large number of enterprises have invested and set up factories in Southeast Asia, and the top five sources of imported cotton yarn are all from Southeast Asia. Vietnam is one of the largest investors. my country's imports of cotton yarn from Vietnam have continued to grow, accounting for 36.8 percent. It is currently the largest source of cotton yarn imports in my country. This year, I imported 102000 tons of cotton yarn from Vietnam, an increase of 6.5 percent over the same period last year, accounting for 35.4 percent of the total cotton yarn imports, which was basically the same as last year.

In addition to Vietnam, China also imports cotton yarn from India, Pakistan, Indonesia, Uzbekistan and Taiwan. Among them, imports from Indonesia, Taiwan and Malaysia grew faster, by 28.8 per cent, 15.4 per cent and 85 per cent, respectively.