COTTON AND WOOL OUTLOOK March 12, 1997 Approved by the World Agricultural Outlook Board ------------------------------------------------------------------------------ COTTON AND WOOL OUTLOOK is published monthly (except January) by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788. CWS-0397. ------------------------------------------------------------------------------ U.S. Cotton Supply and Demand The 1996 U.S. cotton crop remains estimated at 18.95 million bales (upland-- 18.4 million and ELS--533,000), compared with 1995's 17.9 million. And with imports at 400,000 bales, U.S. cotton supplies in 1996/97 are estimated at 22 million bales, 1 million above last season. Total use is currently projected at 17.8 million bales, 500,000 below last season. Thus, U.S. ending stocks are forecast at 4.15 million bales, 1.5 million above the beginning level and at a stocks-to-use ratio of 23 percent. Foreign Production, Consumption, and Stocks The latest projections for 1996/97 foreign production and consumption have increased from February. While total foreign output is up less than 150,000 bales this month to 67.4 million, 200,000-bale gains each in Pakistan and India were partially offset by decreases in Greece and Australia. Despite the rise, foreign production remains 9 percent below 1995/96. Foreign consumption, on the other hand, is projected to exceed the 1995/96 level and is currently estimated at 75.2 million bales. In particular, China's consumption estimate for 1996/97 was raised 300,000 bales to 19.5 million. Although equal to the 1995/96 level, improvement in the textile industry suggests that consumption prospects there are better than earlier anticipated. Likewise, a 200,000-bale increase in India's consumption pushed the estimate there to 12 million bales for 1996/97, only 2 percent below last season's record. Based on some offsetting changes in several individual countries, foreign ending stocks are currently projected at 31.9 million bales, down slightly from February and 1.1 million bales below 1995/96's revised ending stock level. With rising consumption and declining stocks, the foreign stocks- to-use ratio has tightened nearly 2 percentage points from 1995/96 to 42.4 percent this season. Excluding China, however, the foreign stocks-to-use ratio is 29.3 percent, compared with 32.4 percent in 1995/96. 1995/96 Supply/Demand Revisions Due to a change by the Government of India in the cotton marketing year (from September-August to October-September), the 1995/96 production estimate for India was revised to reflect a 13-month period (September 1995-September 1996). Similarly, India's cotton consumption estimate also was revised to 12.3 million bales to account for the 13 months. As a result of these changes, 1995/96 ending stocks are 700,000 bales below last month's estimate. For 1996/97, USDA cotton supply and demand estimates for India cover a 12-month period. A slight upward revision was also made in U.S. cotton mill consumption for 1995/96. Summary data for calendar year 1996 was recently released by the U.S. Commerce Department. Based on the Consumption on the Cotton System and Stocks report, 1995/96 U.S. cotton consumption was revised to 10.647 million bales, up from 10.604 million. Upland consumption totaled 10.538 million bales, while ELS mill use reached 109,000 bales. Ending stocks of all cotton remain at 2.609 million bales, however, upland and ELS stocks were altered slightly. China's Imports Raised, U.S. Export Prospects Higher Growing Chinese purchases of U.S. cotton through February, accelerating Chinese imports from all sources through January, and relatively favorable U.S. prices are behind supply and use revisions for China in March. China recently reported importing over 400,000 bales of cotton from all sources during January 1997, and large shipments from the United States during January are likely to appear in China's import figures for later months. China's purchases from the United States continue, raising the expected volume of U.S. exports to China. Similarly, the strong performance of China's imports from all sources during the two most recently reported months (December 1996 and January 1997) suggest substantial shipments of non-U.S. cotton to China as well. Import purchases during the fall were sometimes linked to concerns that joint-venture mills' imports might be restricted in the future. However, the purchases and shipments have continued to such an extent that it no longer seems probable that import activity has merely been shifted to the early part of the marketing year. Despite large stocks, China's imports are now expected to reach 2.5 million bales in 1996/97, 600,000 above the February estimate and only 550,000 bales below 1995/96 imports. As a result, U.S. exports this month were increased 300,000 bales to 6.8 million, with over 20 percent of the total expected to go to China. With U.S. export commitments to China already exceeding 1.3 million bales, the United States is again looking to capture a large share of cotton shipments there. During the first 7 months of the marketing year, Export Sales indicate total U.S. shipments of 3.4 million bales. To reach the 6.8-million-bale projection, U.S. shipments must average approximately 150,000 statistical bales per week for the remainder of the season. If realized, the U.S. share of world trade would total 25 percent, down from 28 percent in 1995/96. Mill Use Remains Strong U.S. cotton mill consumption remains relatively stable, according to the latest U.S. Commerce Department data. In January, cotton mill demand reached a seasonally adjusted daily average of nearly 41,000 running bales, the second highest of the season and 8 percent above January 1996. Cotton mill use during the first half of 1996/97 surpassed 5.4 million statistical bales, compared with 5.2 million a year earlier. Based on seasonally adjusted annual rates for the first 6 months of the season, cotton mill consumption averaged 10.9 million bales. While cotton use has risen 4 percent this season through January, manmade fiber usage increased 7 percent. Manmade fiber use totaled nearly 746 million pounds since August, while cotton use reached 2.6 billion pounds. The larger increases in manmade fibers this season has lowered cotton's share from last season's 78 percent. Cotton Prices Vary The average price received by upland producers during the first half of February was 66.7 cents per pound, down a penny from January's revised price and the lowest since October 1994. Meanwhile, the upland spot price for base quality cotton was unchanged in February at 70.5 cents per pound. A year earlier, the upland spot price averaged 81.6 cents. On the other hand, the ELS spot price rose to nearly $1.14 per pound, the highest since last August. Mill-delivered upland remained stable in February at 77.7 cents per pound. So far this season, this price has averaged 79.5 cents per pound, compared with the 1995/96 average of nearly 90 cents. Despite this decline, price competition from polyester remains intense as the February average mill- delivered polyester price was unchanged from January at 70 cents per pound. Meanwhile, U.S. prices on the world market continue to be very competitive. In February, the A Index averaged 80.5 cents per pound, up from 80 cents in January. At the same time, the U.S. Memphis Territory (MT) price declined about a penny to 82.5 cents in February. A year ago, the difference between the MT quote and the A Index was 10 cents. U.S. Cotton Fiber Consumption Lower in 1996 During calendar year 1996, both cotton mill use and total domestic consumption (mill use plus net textile trade) fell slightly. While both fell less than 1 percent from a year ago, 1996 marked the second consecutive decline for cotton. Meanwhile, an increase in manmade fiber use pushed U.S. mill use of all fibers 1 percent higher to 16.2 billion pounds. Mill use of cotton totaled nearly 5.2 billion pounds, or 32 percent of all fibers, the lowest share in 5 years. Like U.S. mill use, total domestic consumption of all fibers rose slightly to 20.7 billion pounds. Domestic consumption of cotton totaled 7.8 billion pounds, or 37.9 percent of the total. On a U.S. per capita basis, however, 1996 domestic consumption of all fibers declined for the second consecutive year to 78 pounds per person, with 60.9 pounds of the total consumed in U.S. mills. For cotton, domestic consumption fell below 30 pounds per person, with 19.5 pounds coming from U.S. mills. Textile Trade Deficit Declines in 1996 U.S. textile imports totaled 630 million (raw-fiber equivalent) pounds last December, near that of November, but almost 30 percent above a year earlier. Total imports of cotton, linen, and manmade fiber were slightly higher than a month earlier, while wool and silk shipments were below November. Overall, imports of yarn, thread, and fabric increased 7 percent above a month earlier, while shipments of all other end-use categories declined in December. December textile exports declined from a month earlier, totaling 256 million pounds. Although 14 percent below November, exports were 10 percent above a year ago. Total exports declined in each major end-use category and for all fiber types. Cotton textile exports declined to 112 million pounds, the lowest since January 1996. Manmade fiber exports fell to 123 million pounds, the smallest since February 1995. Despite smaller shipments earlier last year, total textile imports during 1996 reached 7.9 billion pounds, an increase of 133 million pounds (1.7 percent) over 1995. Similarly, textile exports totaled 3.4 billion pounds, a gain of 296 million pounds (9.6 percent) from a year ago. Both textile exports and imports were records in 1996. For the first time since 1990, the total textile deficit declined. In 1996, the deficit declined to 4.5 billion pounds, compared with 4.7 billion in 1995, and 4.6 billion in 1994. Cotton accounted for 59 percent (2.7 billion pounds) of the deficit. Twenty-eight percent of the deficit was attributable to manmade fibers, while 4 percent came from wool textiles. The remaining 9 percent came from linen and silk, with the former accounting for 7 percent. Sheep and Goat Inventories Decline The sheep and lamb inventory in the United States on January 1, 1997, totaled 7.94 million head, down 6 percent from 1996 and 11 percent below 2 years ago. Inventories have slowly declined since 1942 when sheep and lambs reached a high of 56.21 million head. Breeding sheep inventory, at 5.85 million head, also declined 6 percent since January 1, 1996. Similarly, the inventory of Angora goats declined 19 percent to 1.1 million head on January 1, 1997. This inventory level was the lowest since 1977. The Angora goat inventory in Texas declined 250,000 head (20 percent) in 1996 to 1 million. The number of operations with sheep during 1996 totaled 77,010, down 5 percent from 1995 and 12 percent below 1994. States with a drop of 300 or more sheep operations included Indiana, Iowa, Missouri, Ohio, South Dakota, and Texas. Only three States, Nebraska, New Hampshire, and New York, had more sheep operations in 1996 than in 1995. Operations with less than 100 head of sheep accounted for nearly 92 percent of all farms, compared with 91 percent in 1995. The percentage of operations in the Western States with sheep numbers between 100 and 999 head represented 13 percent of all farms in 1996, compared with 17 percent a year earlier. Wool production in 1996 is currently estimated at 30 million pounds, clean. Final 1996 wool production will be released by USDA on March 26. If the estimate is realized, 1996 production would be the lowest on record and about half the level of the early 1980's. Despite lower production, raw wool imports declined to 75.4 million pounds, clean, 15 percent below 1995. Lower import demand was due to a weakness in wool mill consumption. Mill use during 1996 totaled 123.6 million pounds, clean, 13 percent below 1995 and the lowest consumption since 1985. Raw wool exports, at 5.7 million pounds, were also down slightly from 1995. As a result of lower offtake, ending stocks are forecast at 47.2 million pounds, clean, 2 percent above the beginning level. * * * The next Cotton and Wool Outlook (CWS-0397) will be released on April 14. For further information, contact Leslie Meyer at (202) 501-8528 (U.S. Cotton), Steve MacDonald at (202) 219-1179 (Foreign Cotton), or Robert Skinner at (202) 219-0767 (Textiles and Wool). U.S. COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1996/97 ---------------------------- Item 1995/96 Jan Feb Mar ---------------------------------------------------------------------- Upland: Million acres Planted 16.72 14.41 14.41 14.41 Harvested 15.80 12.58 12.58 12.58 Pounds Yield/harvested acre 533 703 703 703 Million 480-lb. bales Beginning stocks 2.59 2.54 2.54 2.54 Production 17.53 18.42 18.42 18.42 Total supply 1/ 20.52 21.40 21.35 21.35 Mill use 10.54 10.90 10.90 10.89 Exports 7.38 5.88 6.07 6.37 Total use 17.91 16.77 16.96 17.26 Ending stocks 2.54 4.62 4.38 4.09 Percent Stocks-to-use ratio 14.2 27.6 25.8 23.7 Extra-long staple: 1,000 acres Planted 215 258 258 258 Harvested 211 256 256 256 Pounds Yield/harvested acre 836 998 998 998 1,000 480-lb. bales Beginning stocks 62 68 68 66 Production 368 533 533 533 Total supply 1/ 438 606 606 604 Mill use 109 105 105 110 Exports 300 425 435 435 Total use 409 530 540 545 Ending stocks 66 76 66 59 Percent Stocks-to-use ratio 16.1 14.3 12.2 10.8 ---------------------------------------------------------------------- Based on USDA estimates. 1/ Includes imports. WORLD COTTON SUPPLY AND USE ESTIMATES ---------------------------------------------------------------------- 1996/97 ------------------------------ Item 1995/96 Jan Feb Mar ---------------------------------------------------------------------- Supply: Million 480-lb. bales Beginning stocks World 29.27 36.17 36.33 35.62 Foreign 26.62 33.56 33.72 33.01 Production World 92.17 86.37 86.21 86.34 Foreign 74.27 67.42 67.26 67.39 Imports World 27.07 26.72 27.07 27.57 Foreign 26.67 26.27 26.67 27.17 Use: Mill use World 85.31 85.35 85.75 86.22 Foreign 74.67 74.35 74.75 75.22 Exports World 27.36 26.89 26.91 27.11 Foreign 19.68 20.59 20.41 20.31 Ending stocks World 35.62 36.82 36.75 36.00 Foreign 33.01 32.12 32.30 31.85 Stocks-to-use ratio Percent World 41.8 43.1 42.9 41.8 Foreign 44.2 43.2 43.2 42.3 --------------------------------------------------------------------- Based on USDA estimates. FIBER SUPPLY ---------------------------------------------------------------------- 1996 1997 1996 --------------- Item Nov Dec Jan Jan ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Ginnings 5,923 3,098 651 411 Imports since August 1 393.7 396.0 NA 5.2 Stocks, beginning 8,530 13,016 14,472 12,821 At mills 591 577 577 569 Public storage 6,822 10,392 11,652 10,074 CCC stocks 1,323 2,098 2,497 2,054 Manmade: Million pounds Production 809.0 862.8 920.0 799.3 Noncellulosic 771.2 823.7 877.3 761.4 Cellulosic 37.8 39.1 42.7 37.9 Total since January 1 9,118.8 9,981.6 920.0 799.3 1996 1995 --------------------------- Oct Nov Dec Dec ---------------------------------------------------------------------- Million pounds Raw fiber imports 114.4 100.7 105.3 82.2 Noncellulosic 107.8 94.7 98.2 77.3 Cellulosic 6.6 6.0 7.1 4.9 Total since January 1 958.3 1,059.0 1,164.3 1,093.5 Wool and Mohair: 1,000 pounds Raw wool imports, clean 4,596 4,558 5,112 4,084 48's-and-finer 3,702 3,432 3,497 2,536 Not-finer-than-46's 894 1,126 1,615 1,548 Total since January 1 65,700 70,258 75,370 88,820 Wool top imports 272 351 163 298 Total since January 1 3,084 3,435 3,597 4,530 Mohair imports, clean 0 0 0 0 Total since January 1 43 43 43 143 ---------------------------------------------------------------------- NA = Not available. COTTON SYSTEM FIBER CONSUMPTION ---------------------------------------------------------------------- 1996 1997 1996 ------------------ Item Nov Dec Jan Jan ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales All consumed by mills 1/ 883 746 979 894 Total since August 1 1/ 3,721 4,467 5,446 5,218 SA annual rate 2/ 11,089 10,964 11,063 10,279 SA daily rate 2/ 42.5 42.0 42.4 39.2 Daily rate 42.0 33.9 42.6 38.8 Upland consumed by mills 1/ 874 739 970 883 Total since August 1 1/ 3,686 4,425 5,395 5,165 SA annual rate 2/ 10,987 10,881 10,964 10,162 SA daily rate 2/ 42.1 41.7 42.0 38.8 Daily rate 41.6 33.6 42.2 38.4 Spindles in place 5,978 5,879 5,738 6,520 Active spindles 5,461 5,401 5,410 6,054 100 percent cotton 2,589 2,556 2,569 2,768 100 percent manmade 973 920 915 1,008 Blends 1,899 1,925 1,926 2,278 Percent Cotton's share of fibers 78.1 77.6 77.5 78.6 Manmade: 1,000 pounds Total consumed by mills 1/ 118,750 103,140 136,242 116,727 Total since August 1 1/ 506,403 609,542 745,784 695,012 Daily rate 5,655 4,688 5,924 5,075 Noncellulosic staple 4,918 4,292 5,407 4,369 Cellulosic staple 737 396 517 706 ---------------------------------------------------------------------- 1/ Adjusted to calendar month. 2/ SA = seasonally adjusted. FIBER EXPORTS ---------------------------------------------------------------------- 1996 1995 -------------------------- Item Oct Nov Dec Dec ---------------------------------------------------------------------- Cotton: 1,000 480-lb. bales Upland exports 262 535 838 1,198 Total since August 1 655 1,190 2,027 2,881 Sales for next season -2 45 14 119 Total since August 1 60 105 119 166 ELS exports 15.3 37.8 60.9 32.0 Total since August 1 50.3 88.1 149.1 93.9 Sales for next season 0.0 7.1 8.1 32.2 Total since August 1 1.9 9.0 17.1 78.0 Manmade: Million pounds Raw fiber exports 116.4 110.8 114.6 86.1 Noncellulosic 108.1 102.7 104.7 79.4 Cellulosic 8.3 8.1 9.9 6.7 Total since January 1 930.1 1,040.9 1,155.5 1,048.0 Wool and Mohair: 1,000 pounds Raw wool exports, clean 1,011.8 509.8 295.8 113.2 Total since January 1 4,909.7 5,419.5 5,715.3 6,041.7 Wool top exports 1,709.4 1,254.9 795.7 940.0 Total since January 1 10,068.2 11,323.1 12,118.9 13,842.1 Mohair exports, clean 74.7 0 0 687.2 Total since January 1 3,539.2 3,539.2 3,539.2 4,853.6 ---------------------------------------------------------------------- FIBER PRICES ---------------------------------------------------------------------- 1996 1997 1996 ----------------- Item Dec Jan Feb Feb ---------------------------------------------------------------------- Domestic cotton prices: Cents per pound Adjusted World Price 64.60 65.23 65.96 70.42 Mar'97 futures 75.74 74.32 73.77 79.35 Dec'97 futures 76.99 76.78 76.82 76.52 Upland spot 41-34 71.98 70.53 70.53 81.56 Pima spot 03-46 109.25 111.82 113.50 162.63 Avg. price received by: Upland producers 69.40 67.80 66.70 75.70 Mill delivered: Cotton Actual 79.14 77.97 77.68 89.76 Raw fiber equivalent 87.93 86.63 86.31 99.73 Rayon staple Actual 115.00 115.00 115.00 125.00 Raw fiber equivalent 119.79 119.79 119.79 130.21 Polyester staple Actual 72.00 70.00 70.00 88.00 Raw fiber equivalent 75.00 72.92 72.92 91.67 Price ratios Percent Cotton/rayon 73.4 72.3 72.1 76.6 Cotton/polyester 117.2 118.8 118.4 108.8 Northern Europe cotton quotes: Cents per pound A Index 79.15 80.01 80.45 84.99 Memphis Territory 83.92 83.30 82.50 94.70 California/Arizona 83.58 83.45 83.88 100.20 B Index 74.73 75.23 74.34 78.98 Orleans/Texas 79.83 78.95 77.94 90.40 Wool prices (clean): Dollars per pound U.S. 56's 1.28 1.30 1.30 1.35 Australian 56's 1/ 1.86 1.78 1.87 1.92 U.S. 60's 1.50 1.52 1.52 1.56 Australian 60's 1/ 1.97 1.89 1.95 2.05 U.S. 64's 1.90 1.90 1.90 1.92 Australian 64's 1/ 2.32 2.34 2.41 2.37 ---------------------------------------------------------------------- NQ = No quotes. 1/ In bond, Charleston, SC. TEXTILE TRADE ---------------------------------------------------------------------- 1996 1995 ----------------------------- Item Oct Nov Dec Dec ---------------------------------------------------------------------- Imports: 1,000 pounds 1/ Yarn, thread, and fabric 191,670 166,289 177,415 145,724 Cotton 79,731 72,154 77,459 58,969 Linen 21,583 14,446 20,811 26,438 Wool 3,672 3,065 3,224 2,465 Silk 1,107 845 772 542 Manmade 85,577 75,775 75,149 57,311 Apparel 537,601 404,024 392,029 296,216 Cotton 295,705 234,270 231,237 172,364 Linen 17,196 11,207 10,477 7,780 Wool 26,050 15,050 11,076 8,636 Silk 12,627 10,635 10,091 8,018 Manmade 186,023 132,861 129,148 99,418 House furnishings 40,163 31,536 30,877 23,938 Cotton 27,634 21,421 21,480 16,434 Linen 149 207 223 167 Wool 132 102 139 122 Silk 23 19 25 34 Manmade 12,224 9,786 9,009 7,181 Floor covering 26,408 23,558 23,175 18,305 Cotton 3,535 3,846 4,067 3,709 Linen 3,226 3,159 2,785 2,281 Wool 6,893 5,760 7,117 4,785 Silk 360 375 402 570 Manmade 12,394 10,418 8,804 6,959 Total imports 2/ 803,304 631,841 630,080 489,739 Cotton 410,222 335,132 337,909 254,050 Linen 42,186 29,037 34,324 36,688 Wool 36,921 24,075 21,640 16,084 Silk 14,119 11,874 11,291 9,165 Manmade 299,856 231,722 224,916 173,752 Exports: 1,000 pounds 1/ Yarn, thread, and fabric 141,129 126,002 110,126 106,926 Cotton 48,773 46,889 37,416 35,297 Linen 3,939 3,325 3,196 2,935 Wool 3,756 3,389 3,235 3,231 Silk 1,770 1,479 1,229 1,145 Manmade 82,891 70,920 65,050 64,318 Apparel 142,310 132,153 112,896 73,141 Cotton 86,852 80,461 68,667 55,063 Linen 2,953 2,641 2,078 2,010 Wool 6,833 6,295 5,771 4,062 Silk 2,637 2,331 2,045 1,505 Manmade 43,034 40,425 34,336 30,502 House furnishings 7,394 6,907 5,764 5,767 Cotton 4,196 4,112 3,347 3,339 Linen 202 214 268 289 Wool 106 104 95 121 Silk 99 112 162 125 Manmade 2,790 2,365 1,893 1,894 Floor covering 34,091 32,844 26,683 27,197 Cotton 3,524 3,766 2,779 3,102 Linen 1,439 1,316 1,091 1,103 Wool 1,823 1,546 1,213 1,313 Silk 3/ --- --- --- --- Manmade 27,306 26,216 21,600 21,679 Total exports 2/ 325,362 298,171 255,777 233,458 Cotton 143,387 135,270 112,254 96,851 Linen 8,542 7,504 6,642 6,347 Wool 12,536 11,354 10,330 8,742 Silk 4,506 3,922 3,435 2,775 Manmade 156,391 140,121 123,115 118,743 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. Data for 1996 have been revised. 2/ Includes headgear. 3/ Absence of trade. U.S. COTTON TEXTILE IMPORTS ---------------------------------------------------------------------- 1996 1995 ---------------------------- Country Oct Nov Dec Dec ---------------------------------------------------------------------- 1,000 pounds 1/ North America 137,441 120,680 118,421 84,526 Canada 11,446 10,734 8,173 6,454 Costa Rica 9,340 7,609 7,288 5,589 Dominican Republic 14,999 12,220 12,996 11,260 El Salvador 9,772 8,382 9,637 6,556 Guatemala 6,837 5,397 6,858 5,252 Haiti 1,129 1,101 1,150 616 Honduras 17,903 17,772 17,931 10,475 Jamaica 7,320 6,579 7,319 5,679 Mexico 55,805 48,272 44,898 30,851 Nicaragua 2,417 2,130 1,674 1,056 South America 8,151 6,446 8,509 9,762 Argentina 29 10 7 26 Brazil 2,701 2,269 3,375 5,302 Chile 420 269 257 563 Columbia 2,797 2,043 2,836 2,306 Peru 1,934 1,494 1,745 1,263 Europe 27,496 22,551 21,241 16,230 Estonia 765 683 925 1,176 France 728 637 639 417 Germany 666 643 728 559 Italy 2,812 2,909 3,245 2,180 Portugal 4,213 2,717 1,713 1,452 Russia 1,382 615 1,129 805 Spain 1,958 1,820 967 1,507 Turkey 10,299 8,600 7,895 5,135 United Kingdom 1,091 881 946 713 Asia 223,258 175,640 179,742 133,119 Bahrain 1,243 576 779 698 Bangladesh 14,118 8,626 9,821 6,200 China 36,821 25,729 26,677 12,154 Hong Kong 31,316 27,431 25,046 20,632 India 29,234 26,319 26,911 17,966 Indonesia 14,246 11,454 11,646 9,465 Israel 2,465 1,794 2,031 2,024 Japan 1,150 1,295 1,104 963 Macao 4,490 4,340 3,774 3,063 Malaysia 5,484 3,927 3,880 4,092 Nepal 779 773 850 542 Oman 1,343 1,183 1,663 1,003 Pakistan 24,043 19,256 18,473 14,695 Philippines 9,530 7,353 7,789 6,883 Quator 867 1,206 1,228 499 Singapore 2,259 1,617 1,518 1,410 South Korea 6,845 4,990 5,604 4,696 Sri Lanka 7,174 5,210 7,049 5,306 Taiwan 14,320 10,662 10,954 10,301 Thailand 9,799 7,286 8,578 7,034 U Arab 0m 2,012 2,106 2,001 1,683 Oceania 1,520 781 1,025 1,455 Australia 672 281 347 842 Fiji 643 365 483 436 Africa 10,886 7,824 7,997 7,903 Egypt 4,916 4,134 3,718 4,251 Lesotho 857 733 1,140 935 Mauritius 1,582 985 1,043 949 Morocco 707 437 609 552 South Africa 1,103 609 801 273 Tunisia 89 168 104 401 World 2/ 410,222 335,132 337,909 254,050 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Totals may not add due to rounding. U.S. COTTON TEXTILE EXPORTS ---------------------------------------------------------------------- 1996 1995 --------------------------- Country Oct Nov Dec Dec ---------------------------------------------------------------------- 1,000 pounds 1/ North America 113,669 106,815 86,096 67,765 Canada 22,258 21,308 15,186 12,955 Costa Rica 9,383 10,025 5,829 4,640 Dominican Republic 13,429 12,398 9,115 6,522 El Salvador 3,191 2,717 2,990 2,828 Guatemala 4,898 5,073 4,349 3,545 Haiti 1,114 1,190 823 524 Honduras 16,722 14,740 12,614 6,848 Jamaica 7,023 7,177 6,018 9,066 Mexico 33,985 30,874 28,041 19,883 South America 5,084 5,195 3,833 4,267 Argentina 290 237 173 425 Brazil 741 800 671 637 Chile 493 984 480 858 Columbia 1,913 1,831 1,507 1,282 Peru 99 150 205 125 Venezuela 964 753 306 456 Europe 10,087 10,676 9,395 11,019 Belgium 2,295 3,023 2,126 2,484 France 741 578 685 563 Germany 1,403 1,874 967 1,355 Ireland 85 155 81 753 Italy 358 189 247 691 Netherlands 715 655 520 688 United Kingdom 2,605 2,518 3,018 2,437 Asia 12,479 10,528 11,335 11,681 China 213 218 243 270 Hong Kong 1,060 1,162 1,260 1,141 Israel 1,098 805 1,834 1,737 Japan 5,791 4,559 4,538 4,888 Philippines 159 198 310 371 Saudi Arabia 439 477 594 507 Singapore 613 504 382 493 South Korea 730 502 425 675 Taiwan 458 331 285 140 U Arab Em 552 546 555 439 Oceania 974 787 745 937 Australia 585 550 566 605 New Zealand 166 129 116 295 Africa 816 1,064 656 1,037 Egypt 32 290 7 267 Ghana 36 46 8 20 Ivory Coast 99 146 79 138 Nigeria 75 126 146 334 South Africa 317 164 71 134 World 2/ 143,387 135,270 112,254 96,851 ---------------------------------------------------------------------- 1/ Raw fiber equivalent. 2/ Totals may not add due to rounding. 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