Raw Cotton in China 2020 Exports | Imports : $10.4M | $3.74B, World Rnk 36 / 124 Rnk 1062 / 1215 | World Rnk 1 / 183 Rnk 71 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $4.48M | $1.09B, Malaysia | United States
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Raw Cotton: -2.38, Rnk 1025 / 1029
Exports In 2020, China exported $10.4M in Raw Cotton, making it the 36th largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 1062nd most exported product in China. The main destination of Raw Cotton exports from China are: Malaysia ($4.52M), Vietnam ($1.32M), Nigeria ($847k), Botswana ($661k), and Djibouti ($435k).
The fastest growing export markets for Raw Cotton of China between 2019 and 2020 were Malaysia ($4.48M), Nigeria ($840k), and Botswana ($661k).
Imports In 2020, China imported $3.74B in Raw Cotton, becoming the 1st largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 71st most imported product in China. China imports Raw Cotton primarily from: United States ($1.8B), Brazil ($1.02B), India ($453M), Australia ($173M), and Sudan ($44.5M).
The fastest growing import markets in Raw Cotton for China between 2019 and 2020 were United States ($1.09B), Brazil ($195M), and India ($173M).
Tariffs In 2018, the average tariff for China in Raw Cotton was 19.9%. The countries with the highest import tariffs for Raw Cotton were Angola (Most Favoured Nation duty rate treatement, 20.5%), Burundi (Most Favoured Nation duty rate treatement, 20.5%), Benin (Most Favoured Nation duty rate treatement, 20.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 20.5%), and Botswana (Most Favoured Nation duty rate treatement, 20.5%).
December 2022
Overview In December 2022 China's Raw Cotton exports accounted up to $2.73M and imports accounted up to $487M, resulting in a negative trade balance of $484M. Between December 2021 and December 2022 the exports of China's Raw Cotton have decreased by $-3.6M (-56.9%) from $6.32M to $2.73M, while imports increased by $177M (57.1%) from $310M to $487M.
Destinations In December 2022, Raw Cotton were exported mostly to Vietnam ($1.44M), Bangladesh ($1.06M), and North Korea ($232k), and were imported mostly from Brazil ($316M), United States ($151M), Australia ($15.3M), Kazakhstan ($1.27M), and Burma ($1.25M).
Growth In December 2022, the decrease in Raw Cotton's year-by-year exports was explained primarily by a decrease in exports to . In December 2022, the increase in Raw Cotton's year-by-year imports was explained primarily by an increase in imports from Brazil ($35.9M or 14.1%), Turkey ($8.51M or 635%), and Benin ($4.86M or 276%).
EXPORT GROWTH (December 2021 - December 2022): $-3.6M, (-56.9%)
IMPORT GROWTH (December 2021 - December 2022): $177M, (57.1%)
MAIN EXPORTER (December 2022): Jiangsu Province, $1.44M
MAIN DESTINATION (December 2022): Vietnam, $1.44M
This section shows Raw 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 Raw Cotton over time.
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EXPORTS (2020): $10.4M
IMPORTS (2020): $3.74B
NET TRADE (2020): -$3.73B
In 2020, China exported $10.4M in Raw Cotton. The main destinations of China exports on Raw Cotton were Malaysia ($4.52M), Vietnam ($1.32M), Nigeria ($847k), Botswana ($661k), and Djibouti ($435k).
In 2020, China imported $3.74B in Raw Cotton, mainly from United States ($1.8B), Brazil ($1.02B), India ($453M), Australia ($173M), and Sudan ($44.5M).
THE FASTEST GROWING Raw Cotton EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Cotton BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Raw Cotton were:
In 2020, China's main importing competitors in Raw Cotton were:
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