Cotton: China takes in most of Brazilian exports in October

Brazil exported 260.1 thousand tonnes of cotton – most of it to China – in October 2022, bringing in US$ 545.1 million. This volume was 28.1% higher than in the same month in 2021, and revenue from the foreign market was 56.4% higher. October is the third month of the 2022/23 cotton export calendar.

In October 2022, Brazil’s largest cotton importer was China, which holds a 42% share of total shipments. Bangladesh, Vietnam, Turkiye, and Pakistan complete the list of the five leading importers of Brazilian cotton in the tenth month of the year. In total, 11 countries increased imports of the Brazilian commodity, and only eight nations reduced purchases compared to the same month of 2021.

See below the track record of the volume of cotton (hs codes 5022, 5201) from Brazil to China between Jan 2019 and Sep 2022. The data is from DataLiner.

Cotton exports to China | Jan 2019 – Sep 2022 | WTMT

Source: DataLiner (click here to request a demo)

China was the protagonist of the biggest increase with the purchase of 25 thousand tonnes more. The information comes from Abrapa’s November report.

Source: Canal Rural

To read the full original article, please go to: https://www.canalrural.com.br/radar/algodao-china-lidera-importacoes-brasileiras-em-outubro/

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