Cotton exports show exponential growth in May YoY

Cotton exports registered strong growth in May, with shipments reaching 81,500 tons, 340% more than in May 2018.  Revenues reached US$138.6m, up 310% during the same period comparison.  The data was released by the Foreign Trade Secretariat (Secex) of the Economic Ministry. Performance was also strong in April, 71,800 tons shipped, representing 152% year-on-year growth in volume and 145% in revenues (US$122.4m).

The average price per ton exported last month fell slightly compared to April from US$1,704.80 to US$1,700.40. In May 2018, the average price had been US$1,826.20. The cumulative total exported In the first five months of 2019 was 447,500 tons, generating US$764.7m.

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