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2018
Exports $12.2BWorld Rnk 1 / 199
Flag Rnk 35 / 96
2018
Destination $282M Bangladesh
2021 - 2022
FASTEST GROWING MARKET $282MBangladesh
2022
PRODUCT COMPLEXITY IN Cotton-0.55Rnk 715 / 1025
2018
Imports $8.29BWorld Rnk 2 / 220
Flag Rnk 31 / 96
2018
Origin $1.56B United States
2021 - 2022
FASTEST GROWING ORIGIN $1.56BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2018, China exported $12.2B in Cotton, making it the 1st largest exporter of Cotton in the world. At the same year, Cotton was the 35th most exported product in China. The main destination of Cotton exports from China are: Bangladesh ($2.74B), Vietnam ($1.68B), Cambodia ($627M), Indonesia ($588M), and Philippines ($425M).

The fastest growing export markets for Cotton of China between 2021 and 2022 were Bangladesh ($282M), Vietnam ($204M), and Indonesia ($160M).

Imports In 2022, China imported $8.29B in Cotton, becoming the 2nd largest importer of Cotton in the world. At the same year, Cotton was the 31st most imported product in China. China imports Cotton primarily from: United States ($2.92B), Vietnam ($2.08B), Brazil ($1.09B), Pakistan ($473M), and Uzbekistan ($248M).

The fastest growing import markets in Cotton for China between 2021 and 2022 were United States ($1.56B), Brazil ($101M), and Egypt ($100M).

COMPANIES In 2023, leading companies such as IKEA Group (2.33k), Walmart (572), and Lenovo (189) were at the forefront of shipping Cotton from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Cotton exports accounted up to $796M and imports accounted up to $747M, resulting in a positive trade balance of $49.1M. Between July 2023 and July 2024 the exports of China's   Cotton have decreased by $-24.1M (-2.94%) from $820M to $796M, while imports increased by $59.5M (8.66%) from $688M to $747M.

Destinations In July 2024, Cotton were exported mostly to Bangladesh ($166M), Vietnam ($125M), Cambodia ($51.1M), Mexico ($33M), and Pakistan ($26.8M), and were imported mostly from Vietnam ($174M), United States ($160M), Australia ($121M), Brazil ($101M), and Uzbekistan ($40.7M).

Growth In July 2024, the decrease in Cotton's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-107M or -30.9%), Vietnam ($-69.8M or -37.7%), and Philippines ($-39M or -67.7%). In July 2024, the increase in Cotton's year-by-year imports was explained primarily by an increase in imports from Australia ($15.6M or 540%), Egypt ($6.39M or 220%), and Sudan ($2.56M or 231%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-24.1M(-2.94%)
IMPORT GROWTH (July 2023 - July 2024)$59.5M(8.66%)
MAIN EXPORTER (July 2024)Zhejiang Province$266M
MAIN DESTINATION (July 2024)Bangladesh$166M

This section shows Cotton's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cotton over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2B
IMPORTS (2022)$8.29B
NET TRADE (2022)$3.89B

In 2022, China exported $12.2B in Cotton. The main destinations of China exports on Cotton were Bangladesh ($2.74B), Vietnam ($1.68B), Cambodia ($627M), Indonesia ($588M), and Philippines ($425M).

In 2022, China imported $8.29B in Cotton, mainly from United States ($2.92B), Vietnam ($2.08B), Brazil ($1.09B), Pakistan ($473M), and Uzbekistan ($248M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR China WERE (2021 - 2022):
Bangladesh$282M (11.5%)
Vietnam$204M (13.8%)
Indonesia$160M (37.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY China WERE (2021 - 2022):
Togo-$325M (-93.2%)
Hong Kong-$275M (-59.8%)
China-$128M (-71.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Cotton were:
United States $10.9B
India $7.27B
In 2022, China's main importing competitors in Cotton were:
Bangladesh $8.9B
Vietnam $5.41B

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $123M
TOP IMPORT POTENTIALIndia+ $326M

Cotton’s highest export potential is India. With an export gap of $123M.   Cotton’s highest import potential is India with an import gap of $326M.

See methodology.

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