Brazil secures being 2nd largest cotton exporter in the world

According to the industry association Abrapa, Brazil provides 20% of the world’s cotton supply, making it the second largest cotton exporter in the world. Moreover, cotton represents Brazil’s seventh-largest export product in terms of value: in the market year 2021/2022 alone, 1.68 thousand tonnes were exported, generating more than USD 3.2 billion in cash.

According to the association’s press office, the Asian market imports 99% of the output of the world’s second-largest cotton exporter, with China (27%), Vietnam (16%), Turkey (13%), and Bangladesh (12%) being the main costumers, followed by Pakistan, Indonesia, Malaysia, South Korea, India, and Thailand.

See below the volume of cotton (hs 5200, hs 5201) exported by Brazil every month between Jan 2019 and Nov 2022. The data is from DataLiner.

Brazilian cotton exports | Jan 2019 – Nov 2022 | WTMT

Source: DataLiner (click here to request a demo)

“Through research, technology, genetics, field management, and precise laboratory verification equipment, we have improved the quality of our products every year. Today we can say that we are on the same level as the best kinds of cotton in the world, with large-scale production”, explains the Director of International Relations at ABRAPA, Marcelo Duarte.

Along with ABRAPA, ApexBrasil (export promotion agency) il runs Cotton Brazil, a program that promotes Brazilian cotton internationally and supports cotton producers in reaching foreign markets. Industry data indicate that sector exports reached US$ 3.4 million by November 2022, up 15% over the same period last year. More than 70% of this amount came from companies supported by Cotton Brazil.

To strengthen the relationship with its priority market, the project gained a representative office in Singapore, coordinated by Duarte. Networking actions, institutional partnerships, trade agreements between Brazil and countries in this market, such as China and India, hybrid events, and trade missions have already been carried out there.

Source: Agrolink

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