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Between August 2019 to July 2020, the United States produced nearly 20 million bales of cotton, representing about 7 billion dollars in total value.
One bale of cotton approximately 480 pounds of cleaned cotton lint can make more than 200 pairs of jeans or 1,200 t-shirts.
The United States was the leading exporter of cotton worldwide in 2020. In that period, the U.S. cotton industry had an export volume of 2.39 million metric tons.
From 2019 to 2020, the value of globally imported cotton decreased by 15.1 percent.
Turkey, Isreal, the Netherlands, and Zambia together with the United States of America make up the top 5 cotton exporting countries.
The top cotton exporting countries are:
- United States
- Turkey
- Isreal
- Zambia
- Netherlands
- India
- Mexico
- Greece
- Mozambique
- Spain
Before we fully talk about the top exporting countries, let's take a sneak peek at the cotton export market.
The United States plays a vital role in the global cotton market, acting as a key producer and exporter of fiber.
Between August 2019 to July 2020, the United States produced nearly 20 million bales of cotton, representing about 7 billion dollars in total value.
Furthermore, the United States is the world's leading cotton exporter, providing approximately 35 percent of global cotton exports in recent years.
Through its participation in global trade, the United States supports global textile industries and provides opportunities for domestic farmers to market their cotton to the world.
Cotton is a versatile commodity used in many products, particularly clothing.
One bale of cotton approximately 480 pounds of cleaned cotton lint can make more than 200 pairs of jeans or 1,200 t-shirts.
In the United States and around the world, there are two main species of cotton cultivated for commercial use which are upland cotton and Pima cotton otherwise known as the extra-long staple.
Upland cotton comprises the vast majority of production. The primary difference between species is fiber length, with other small differences in growing conditions and end-uses.
Cotton is a global commodity, with robust trading in raw and finished products. Much of the world’s cotton crosses international borders before finally arriving at its end-use destination, and factors that affect the trade and marketing of cotton have far-reaching impacts.
Since China joined the World Trade Organization in 2001, textile manufacturing has been a core component of its economic development.
Now let's take a look at the top cotton exporting countries.
The United States is the highest exporter of cotton with an export value of 15.19 million dollars in 2020 which accounted for 36.64 percent of global cotton export.
The United States was the leading exporter of cotton worldwide in 2020. In that period, the U.S. cotton industry had an export volume of 2.39 million metric tons.
Turkey is ranked the second-highest importer of the commodity with an export value of 7.34 million dollars. Turkey is responsible for 17.71 percent of global cotton export.
The third highest exporter of cotton in the world is Isreal with an average annual export value of 4.59 million dollars contributing 11.08 percent to the global exportation of the commodity.
Zambia is the fourth highest exporter of cotton with an export value of 2.74 million dollars. Zambia has a 6.6 percent stake in the total cotton export market.
The Netherlands is the world's fifth-highest exporter of the commodity with an export value of 2.26 million dollars.
Netherlands cotton exports account for 5.45 percent of global export trade.
India follows the Netherlands with an export quantity valued at 1.76 million dollars which makes up 4.24 percent of the total global exportation of the commodity.
The seventh highest exporter of cotton in Mexico. Mexico's export quantity of the commodity is valued at 1.30 million dollars making the country responsible for 3.13 percent
total global exportation of the commodity.
Greece is ranked eighth in the global exportation of the commodity. Greece is responsible for 3.04 percent of global cotton exportation valued at 1.26 million dollars.
The portuguese-speaking African country, Mozambique is ninth in the global ranking of top exporters of cotton contributing 1.73 percent to the export market valued at 716,660 dollars.
The tenth highest exporter of cotton is Spain with an export value of 668,600 dollars which accounts for 1.61 percent of the global exportation of the commodity.
WATCH FULL VIDEO BELOW: Cotton Price, Top Import And Export Countries Worldwide
https://www.youtube.com/watch?v=2i5vY_CtOAY
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Conclusion
Between August 2019 to July 2020, the United States produced nearly 20 million bales of cotton, representing about 7 billion dollars in total value. One bale of cotton approximately 480 pounds of cleaned cotton lint can make more than 200 pairs of jeans or 1,200 t-shirts. The U.S. cotton industry had an export volume of 2.39 million metric tons in 2020. Turkey is ranked the second-highest importer of the commodity with an export value of 7.34 million dollars. The Netherlands is the world's fifth-highest exporter of cotton.
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