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Brazil's cotton exports to China jump many folds; not linked to US ban

20 Feb '23
2 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

Insights

  • Brazilian cotton has gained a major market share in China, even though the latter is the largest cotton producer in the world. Trade data indicates that Brazil's cotton exports have soared in value and volume over the last ***** years, with a sharp increase between **** and ****. The increase is not linked to the US' ban on Xinjiang cotton.

Brazil exported **.*** million kg of cotton in ****, valued at $***.*** million. The value and volume of exports more than tripled to ***.*** million kg ($***.*** million) in ****, and further grew to ***.*** million kg ($***.*** million) in ****, according to Fibre2Fashion’s market insight tool TexPro. 

Despite COVID-related disruptions, Brazil exported ***.*** million kg of cotton to China in ****, valued at $*,***.*** million. However, the volume and value of exports slightly fell to ***.*** million kg ($***.*** million) in ****, and further eased to ***.*** million kg ($*,***.*** million) in ****, as per TexPro. Despite the decline in shipments over the last two years, the exports still increased more than three times in terms of volume and value. 

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