2022
Exports
$3.1BWorld Rnk 7 / 199
Flag Rnk 15 / 96
2022
PRODUCT COMPLEXITY IN Cotton
-0.55Rnk 715 / 1025
2022
Imports
$79.3MWorld Rnk 76 / 220
Flag Rnk 81 / 96
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $3.1B in Cotton, making it the 7th largest exporter of Cotton in the world. At the same year, Cotton was the 15th most exported product in Australia. The main destination of Cotton exports from Australia are: Vietnam ($1.19B), Indonesia ($376M), India ($258M), Thailand ($232M), and Bangladesh ($228M).

The fastest growing export markets for Cotton of Australia between 2021 and 2022 were Vietnam ($578M), India ($194M), and Bangladesh ($167M).

Imports In 2022, Australia imported $79.3M in Cotton, becoming the 76th largest importer of Cotton in the world. At the same year, Cotton was the 81st most imported product in Australia. Australia imports Cotton primarily from: China ($29.5M), Pakistan ($13.4M), India ($9.35M), South Korea ($4.17M), and United States ($3.57M).

The fastest growing import markets in Cotton for Australia between 2021 and 2022 were China ($2.55M), Pakistan ($1.98M), and Vietnam ($823k).

COMPANIES In 2023, leading companies such as JBS Foods (1) were at the forefront of shipping Cotton from Australia to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cotton. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.1B
IMPORTS (2022)$79.3M
NET TRADE (2022)$3.02B

In 2022, Australia exported $3.1B in Cotton. The main destinations of Australia exports on Cotton were Vietnam ($1.19B), Indonesia ($376M), India ($258M), Thailand ($232M), and Bangladesh ($228M).

In 2022, Australia imported $79.3M in Cotton, mainly from China ($29.5M), Pakistan ($13.4M), India ($9.35M), South Korea ($4.17M), and United States ($3.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Vietnam$578M (95.1%)
India$194M (303%)
Bangladesh$167M (273%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Australia WERE (2021 - 2022):
Chinese Taipei-$5.06M (-22.9%)
Djibouti-$4.8M (-76.9%)
China-$2.44M (-3.21%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Cotton were:
In 2022, Australia's main importing competitors in Cotton were:

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $65.1M
TOP IMPORT POTENTIALChina+ $9.88M

Cotton’s highest export potential is China. With an export gap of $65.1M.   Cotton’s highest import potential is China with an import gap of $9.88M.

See methodology.

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