Driven by a robust growth in Vietnam’s cotton yarn and product exports, Vietnam’s cotton consumption in 2020/21 is projected to reach to a record 7.3 million bales, according to the latest report from the United States Department of Agriculture (USDA). As per a Grain Central report, yarn exports from Vietnam in 2020/21 have already exceeded the previous year’s record by more than 10 per cent through the first 11 months of the marketing year.

Most exports have been driven by a demand from China with exports to country accounting to 6o per cent of Vietnam’s total cotton lint consumption. China’s August to June imports of Vietnamese cotton yarn were a record and equal to roughly 4 million bales of cotton lint consumption. US imports from Vietnam were a record in the first 11 months at more than $5 billion. The country mostly imported knitted cotton sweaters, pullovers, and other similar articles of clothing which accounted for roughly 30 percent of the total value of US cotton product imports from Vietnam.