HS Icon Raw Cotton

5201 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.1B, Rnk 243 / 1225

Top Exporter (2018): $6.56B, United States

Top Importer (2018): $2.49B, China

Product Complexity (2018): -2.68, Rnk 1016 / 1018

Export Growth (CAGR)(2017 - 2018): 14.2%, Rnk 558 / 1225

Mean Tariff (2018): 2.01%, Rnk 1233 / 1259

Share of World Trade (2018): 0.082%, Rnk 243 / 1225

Overview:  This page contains the latest trade data of Raw Cotton. In 2018, Raw Cotton were the world's 243rd most traded product, with a total trade of $15.1B. Between 2017 and 2018 the exports of Raw Cotton grew by 14.2%, from  $13.2B to $15.1B. Trade in Raw Cotton represent 0.082% of total world trade.

Exports: In 2018 the top exporters of Raw Cotton  were United States ($6.56B), India ($2.19B), Brazil ($1.59B), Australia ($1.04B), and Benin ($437M).

Imports: In 2018 the top importers of Raw Cotton were China ($2.49B), Vietnam ($2.46B), Bangladesh ($1.93B), Pakistan ($1.35B), and Turkey ($1.28B).

Tariffs: In 2018 the average tariff for Raw Cotton was 2.01%, been the 1233 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Raw Cotton are Bahamas (40.2%), Yemen (23%), Haiti (15%), Maldives (14.6%), and Zambia (13.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Raw Cotton ranks 1016th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $6.56B

Top Destination (2018): China, $2.49B

Raw Cotton are the world's 243rd most traded product.

In 2018, the top exporters of Raw Cotton were United States ($6.56B), India ($2.19B), Brazil ($1.59B), Australia ($1.04B), and Benin ($437M).

In 2018, the top importers of Raw Cotton were China ($2.49B), Vietnam ($2.46B), Bangladesh ($1.93B), Pakistan ($1.35B), and Turkey ($1.28B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): United States, $681M

Top Destination Growth (2017 - 2018): Pakistan, $531M

Between 2017 and 2018, the exports of Raw Cotton grew the fastest in United States ($681M), India ($504M), Benin ($288M), Brazil ($258M), and Cote d'Ivoire ($162M).

Between 2017 and 2018, the fastest growing importers of Raw Cotton were Pakistan ($531M), Vietnam ($471M), China ($443M), Bangladesh ($315M), and Singapore ($188M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Raw Cotton.

In 2018,  market concentration measured using Shannon Entropy, was 3.18. This means that most of the exports of Raw Cotton are explained by 9 countries.

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TOP NET EXPORTER (2018): United States, $6.56B

TOP NET IMPORTER (2018): Vietnam, $2.45B

This map shows which countries export or import more of Raw Cotton. Each country is colored based on the difference in exports and imports of Raw Cotton during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Raw Cotton were United States ($6.56B), India ($1.61B), Brazil ($1.56B), Australia ($1.04B), and Benin ($437M).

In 2018, the countries that had a largest trade value in imports than in exports of Raw Cotton were Vietnam ($2.45B), China ($2.41B), Bangladesh ($1.93B), Pakistan ($1.32B), and Indonesia ($1.23B).

Trade Forecasts

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This section shows forecasts for total trade for Raw Cotton. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Raw Cotton was 2.01%.  The countries with the highest tariffs for importing Raw Cotton were Bahamas (40.2%), Yemen (23%), Haiti (15%), Maldives (14.6%), and Zambia (13.6%).

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Product Complexity

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Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.