Raw Cotton5201 (Harmonized System 1992 for 4-digit)
2019 World Trade: $15.4B, Rnk 226 / 1217
2019 Top Exporter | Top Importer: $6.13B | $3.18B, United States | China
2019 Product Complexity: -2.65, Rnk 957 / 961
2018 - 2019 Export Growth (CAGR): 0.81%, Rnk 340 / 1217
2018 Mean Tariff: 2.01%, Rnk 1233 / 1259
2019 Share of World Trade: 0.085%, Rnk 226 / 1217
Overview This page contains the latest trade data of Raw Cotton. In 2019, Raw Cotton were the world's 226th most traded product, with a total trade of $15.4B. Between 2018 and 2019 the exports of Raw Cotton grew by 0.81%, from $15.3B to $15.4B. Trade in Raw Cotton represent 0.085% of total world trade.
Exports In 2019 the top exporters of Raw Cotton were United States ($6.13B), Brazil ($2.64B), India ($1.1B), Australia ($1.09B), and Greece ($589M).
Imports In 2019 the top importers of Raw Cotton were China ($3.18B), Vietnam ($2.29B), Bangladesh ($1.9B), Turkey ($1.56B), and India ($1.18B).
Tariffs In 2018 the average tariff for Raw Cotton was 2.01%, making it the 1233rd 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 957th in the Product Complexity Index (PCI).
Trade By Country
Top Origin (2019): United States, $6.13B
Top Destination (2019): China, $3.18B
Raw Cotton are the world's 226th most traded product.
In 2019, the top exporters of Raw Cotton were United States ($6.13B), Brazil ($2.64B), India ($1.1B), Australia ($1.09B), and Greece ($589M).
In 2019, the top importers of Raw Cotton were China ($3.18B), Vietnam ($2.29B), Bangladesh ($1.9B), Turkey ($1.56B), and India ($1.18B).
Trade by country
Between 2018 and 2019, the exports of Raw Cotton grew the fastest in Brazil ($1.04B), Greece ($185M), Mexico ($86.4M), Cote d'Ivoire ($76.8M), and Turkey ($73.4M).
Between 2018 and 2019, the fastest growing importers of Raw Cotton were China ($691M), India ($604M), Turkey ($255M), Switzerland ($41.9M), and United Kingdom ($9.79M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Raw Cotton.
In 2019, market concentration measured using Shannon Entropy, was 3.35. This means that most of the exports of Raw Cotton are explained by 10 countries.
TOP NET EXPORTER (2019): United States, $6.12B
TOP NET IMPORTER (2019): China, $3.1B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Raw Cotton were United States ($6.12B), Brazil ($2.63B), Australia ($1.09B), Greece ($568M), and Benin ($462M).
In 2019, the countries that had a largest trade value in imports than in exports of Raw Cotton were China ($3.1B), Vietnam ($2.28B), Bangladesh ($1.9B), Turkey ($1.33B), and Indonesia ($1.06B).
In 2019, the world most traded Raw Cotton, disaggragated by their HS6 level were Cotton, not carded or combed ($15.4B)
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.