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USDA Cotton: World Markets and Trade


13 August 2015

USDA Cotton: World Markets and Trade - 13 August 2015USDA Cotton: World Markets and Trade - 13 August 2015


USDA Cotton: World Markets and Trade Reports

China’s Share of U.S. Export Continues to Erode as Southeast Asian Markets Rise

China’s share of U.S. exports dropped to 23 percent in 2014/15, the lowest level since 2001/02. China has been the dominant market for U.S. shipments since its accession to the WTO in 2001. Over the previous decade China accounted for over one-third of all U.S. exports, and its share reached a high of 54 percent in 2011/12. While China is likely to remain a strong market for U.S. cotton, it is unlikely to return to the dominant position it held over the last decade due to policies targeted at reducing massive government stocks.

Consumption in Southeast Asian markets, particularly Vietnam and Indonesia, has benefited from China’s policy changes with commensurate growth in imports from the United States. Growth in U.S. shipments to Southeast Asia has not come only at the expense of China. Turkey, which has been the second largest market for U.S. cotton for over a decade, slipped to third place behind Vietnam. Exports to long-time third place Mexico dropped to the lowest level in nearly 20 years, dropping it to 5th place behind both Vietnam and Indonesia.

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