Traditional large textile countries, like China, Pakistan, India, account for large market shares of U.S. imported cotton textiles. But the three countries are facing the same problem, that is, their total exports of cotton products to the United States showed a substantial reduction in January to September this year, China reduced 16.80 percent year on year, Pakistan shrank 14.28 percent year on year, India diminished 8.28 percent year on year.
The United States imported 14935.92SME of cotton products from global market during January to September, down 11.18 percent year on year.
Consumption of cotton textiles in the United States has been substantially declining; so large textile countries face difficulties.
However, cotton textile exports of "new textile powers" like Bangladesh, Vietnam, and Indonesia to the Unites States have not significantly reduced, or even on the rise.
In fact, looking at labor costs, textile industry policy and exchange rate, the "new textile powers” have obvious advantages in traditional textiles, and while traditional textile powers are rapidly losing their competitive advantage in international cotton textile markets.