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Pricing

Cotton; not carded or combed

5201 (Harmonized System 1992 for 4-digit)

2023
World Trade $16BRnk 251 / 1217
2023
Top Exporter | Top Importer $5.56B | $4.36BUnited States | China
2023
Product Complexity -2.65Rnk 1039 / 1044
2022 - 2023
Export Growth (CAGR) -31.2%Rnk 1162 / 1217
2023
Share of World Trade 0.071%Rnk 251 / 1217

About

Overview This page contains the latest trade data of Raw Cotton. In 2023, Raw Cotton were the world's 251st most traded product, with a total trade of $16B. Between 2022 and 2023 the exports of Raw Cotton decreased by -31.2%, from $23.3B to $16B. Trade in Raw Cotton represent 0.071% of total world trade.

Raw Cotton are a part of Cotton. They include Cotton, not carded or combed.

Exports In 2023 the top exporters of Raw Cotton  were United States ($5.56B), Brazil ($3.06B), Australia ($2.76B), India ($740M), and Turkey ($545M).

Imports In 2023 the top importers of Raw Cotton were China ($4.36B), Vietnam ($2.48B), Bangladesh ($2.22B), Turkey ($1.63B), and Pakistan ($1.01B).

Ranking Raw Cotton ranks 1039th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)United States$5.56B
Top Destination (2023)China$4.36B

In 2023 Raw Cotton were the world's 251st most traded product (out of 1,217).

In 2023, the top exporters of Raw Cotton were United States ($5.56B), Brazil ($3.06B), Australia ($2.76B), India ($740M), and Turkey ($545M).

In 2023, the top importers of Raw Cotton were China ($4.36B), Vietnam ($2.48B), Bangladesh ($2.22B), Turkey ($1.63B), and Pakistan ($1.01B).

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Exporters of Raw Cotton (2023)
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Importers of Raw Cotton (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Turkey$226M
Top Destination Growth (2022 -  2023)Hong Kong$169M

Between 2022 and 2023, the exports of Raw Cotton grew the fastest in Turkey ($226M), Sri Lanka ($59.9M), Kazakhstan ($57.5M), Pakistan ($41.9M), and Paraguay ($14.6M).

Between 2022 and 2023, the fastest growing importers of Raw Cotton were Hong Kong ($169M), Macau ($151M), Turkmenistan ($29.2M), Cote d'Ivoire ($18.2M), and Costa Rica ($9M).

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Exporters of Raw Cotton (2022 - 2023)

Importers of Raw Cotton (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Raw Cotton are explained by 9 countries.

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Value of Exports in Raw Cotton

Net Trade

TOP NET EXPORTER (2023)United States$5.54B
TOP NET IMPORTER (2023)China$4.34B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Raw Cotton were United States ($5.54B), Brazil ($3.05B), Australia ($2.76B), Benin ($489M), and Greece ($462M).

In 2023, the countries that had a largest trade value in imports than in exports of Raw Cotton were China ($4.34B), Vietnam ($2.48B), Bangladesh ($2.22B), Turkey ($1.08B), and Pakistan ($944M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Raw Cotton.
It is possible to select the main countries that export or import Raw Cotton in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Raw Cotton by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $66.9M
TOP IMPORT POTENTIALBrazil+ $2.91M

Raw Cotton’s highest export potential is India. With an export gap of $66.9M.  Raw Cotton’s highest import potential is Brazil with an import gap of $2.91M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Raw Cotton.

Country by Relatedness

The following visualization shows the relatedness of Raw Cotton to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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