A yarn containing a core of continuous filaments of an inorganic material and a sheath of staple fibers of a thermoplastic polymer is provided. The yarn can be formed into a fabric or unidirectional tape, which can then be heated under pressure to form a composite material that has excellent mechanical strength yet is lightweight. The fabric can be molded into a composite material having a two-dimensional or three-dimensional shape because of its excellent drapability. The composite material can be used in aircraft parts, automotive parts, marine parts, consumer electronic parts, and other products.