Brazilian cotton exports to Bangladesh rose in value but dropped in volume during 2022. Brazil shipped 240.572 mn kg of cotton (HS Code 5201) over the past year. The natural fibre was valued at $489.971 mn during the same period. The export for the first quarter of this year was worth $143.962 mn, accounting for 75.984 mn kg of cotton.
Brazil exported 240.347 mn kg of cotton in 2022, valued at $489.971 mn. In contrast, the shipment was larger in 2021, amounting to 261.721 mn kg and was priced at $430.347 mn, according to market report. Cotton prices reached a record level last year, boosting the value of the natural fibre, despite a decrease in the total quantity of cotton exported to Bangladesh.
In 2020, Brazil’s cotton exports amounted to $314.005 mn (211.738 mn kg), and in 2019, they were valued at $308.884 mn (189.895 mn kg). Back in 2018, the export value was $163.013 mn for 93.210 mn kg of cotton.
In 2022, Bangladesh was the third-largest market for Brazilian cotton, accounting for 13.33 percent of its total exports valued at $3.676 bn. China and Vietnam were the first and second largest markets, respectively, with China holding a 29.45 percent share and Vietnam a 14.87 percent share. Pakistan and Turkiye were also among the top five markets for Brazilian cotton exports, according to market report.