In 2023, China led the global cotton imports with 10.5 million units followed by Bangladesh and Vietnam. While China and Bangladesh showed growth with year-on-year increases of 1.75% and 1.92% respectively, Vietnam experienced a decline of 0.68%. Pakistan exhibited a significant rise of 8.06%. Notably, Uzbekistan's imports surged by 82.06%. In contrast, South Korea and Taiwan faced declines of 10.44% and 15.17% respectively. Among the minor importers, Honduras and Nicaragua saw dramatic increases, while Bulgaria and Belarus experienced considerable decreases.
Looking forward, the global cotton import landscape may be influenced by geopolitical tensions, technological advancements in the textile industry, and shifts in global supply chains. Monitoring these factors could provide insights into future trends and opportunities for stakeholders in the cotton import market.
Top countries in Cotton Import by Country
| # | 10 Countries | Thousand Units (480 lb. Bales) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 10,500 | 2023 | +68.49% | +1.75% | View data |
| 2 | 2 Bangladesh | 7,700 | 2023 | +17.56% | +1.92% | View data |
| 3 | 3 Vietnam | 6,700 | 2023 | +3.54% | -0.68% | View data |
| 4 | 4 Pakistan | 4,200 | 2023 | -6.67% | +8.06% | View data |
| 5 | 5 Indonesia | 2,300 | 2023 | +38.22% | -5.49% | View data |
| 6 | 6 India | 1,300 | 2023 | -24.72% | -6.3% | View data |
| 7 | 7 Mexico | 850 | 2023 | +23.37% | 0% | View data |
| 8 | 8 Thailand | 675 | 2023 | +1.96% | -8.89% | View data |
| 9 | 9 Malaysia | 500 | 2023 | -27.22% | -7.64% | View data |
| 10 | 10 Iran | 475 | 2023 | +5.32% | +7.36% | View data |
