Brazil exports 64% more cotton in July YoY

Data released by Abrapa, the Brazilian Cotton Producers Association, indicates that Brazil exported 64% more cotton in July than in the same month last year, with 77,213 tonnes shipped, which generated a revenue of US$106.92 million. In the month, Pakistan was the country that most bought Brazilian cotton, staying above 16,000 tonnes.

At the close of the 2019/2020 export season, referring to the period from August 2019 to July 2020, Brazil exported 1.945 million tonnes, totaling a revenue of US$3.069 billion from exports. The volume shipped during this period is 49% higher than the volume shipped during the entire 2018/2019 season.

The following graphs show the history of Brazilian exports since 2017 and their main destinations:

Brazilian Cotton Exports (HS 5201) | Jan 2017 to Jun 2020 | TEU

Top 8 destinations for Brazilian Cotton Exports in 2020 compared to the same period in 2019 | TEU

The import of cotton by Brazil during 2019/2020 accounted for the lowest level of the last seasons, reaching just over 1,000 tonnes. The Brazilian cotton trade surplus was consolidated at US$3 billion in the 2019/2020 season, between August 2019 and July 2020, which was already forecast in recent months.

Source: Ampasul

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