Brazil's cotton exports worth $3.4 mn in Jan-Nov 2022; up 15% YoY

09 Jan '23

2 min read

Pic: Shutterstock

Cotton represents Brazil’s seventh-largest export product in terms of value and in the marketing year 2021-22, 1,680 tonnes were exported, generating more than $3.2 billion, according to the country’s cotton producers’ association ABRAPA. Cotton exports were worth $3.4 million between January and November 2022, up by 15 per cent year-on-year.

Brazil provides a fifth of the world’s cotton supply, making it the second largest cotton exporter in the world.

ABRAPA said Asia imports 99 per cent of the output, with China (27 per cent), Vietnam (16 per cent), Turkey (13 per cent) and Bangladesh (12 per cent) being the main costumers, followed by Pakistan, Indonesia, Malaysia, South Korea, India and Thailand, a Latin American news outlet reported.

“Through research, technology, genetics, field management, and precise laboratory verification equipment, we have improved the quality of our products every year. Today we can say that we are on the same level as the best kinds of cotton in the world, with large-scale production”, said ABRAPA director of international relations Marcelo Duarte.

Along with ABRAPA, the country’s export promotion agency ApexBrasil runs Cotton Brazil, a programme to promote Brazilian cotton globally and supports cotton producers in reaching foreign markets.

More than 70 per cent of the cotton exported in the first eleven months of last year came from companies supported by Cotton Brazil.

Fibre2Fashion News Desk (DS)

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