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Wednesday, 01 March 2023 04:01

China's Apparel Exports to the US Rise in 2022, US Cotton Exports to China Increase Despite Ban

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In 2022, China's apparel exports to the US increased to $36.547 billion from the previous year's $34.772 billion, following a sharp recovery from COVID-19 disruptions. However, the growth rate was not sustained in the last quarter, possibly due to the ongoing geopolitical disputes and trade wars between the two largest economies. Despite this, both countries recognize the mutual economic benefits of trade.

China's apparel exports to the US declined to $7.195 billion in the last quarter of 2022, compared to $11.042 billion in Q3 2022. Earlier in the year, the shipment was $10.581 billion in Q2 2022, $7.728 billion in Q1 2022, $9.647 billion in Q4 2021, and $11.649 billion in Q3 2021.

Interestingly, despite the US's ban on importing cotton and cotton products from China's Xinjiang region, cotton exports from the US to China increased in 2022. Cotton exports from the US to China rose to $2.902 billion in 2022, up from $1.330 billion in 2021. The trade was $1.820 billion in 2020, $705.069 million in 2019, and $920.496 million in 2018.

However, the quarterly figures show a decrease in US cotton exports to China in the last two quarters of 2022, with $525.120 million in Q3 and $423.983 million in Q4, down from $959.613 million in Q1 and $993.916 million in Q2.