By admin       2018-08-17

The latest U.S. Department of Agriculture estimates indicate that total U.S. cotton textile and apparel trade grew during the first half of 2018, compared with the corresponding period of 2017. While U.S. cotton product imports totaled the equivalent of nearly 8.8 million 480-pound bales of raw cotton during January-June 2018—compared with approximately 8.6 million bales for the first 6 months of 2017—cotton product exports decreased slightly to about 1.8 million bale-equivalents. Based on these volumes, the cotton textile and apparel trade deficit was 3 percent higher at 7.0 million bale-equivalents during the first half of 2018. The concentration of U.S. cotton product imports continues to be focused on several major suppliers, with the top five countries contributing more than two-thirds of total imports during the first half of 2018. Compared with the corresponding period of 2017, the first 6 months of 2018 saw the share rise for four of the top five suppliers. China remains the leading supplier of U.S. cotton product imports, accounting for nearly 31 percent of the total during January-June of 2018; for India—the second largest supplier—the share reached 11.5 percent. In addition, the U.S. cotton product import shares increased for Pakistan, Vietnam, and Bangladesh in 2018, with each providing 8 percent of the mid-year total.

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