Brazil 2nd largest cotton supplier for China with 29% share

In 2022, China imported cotton worth $5.233 billion, and Brazil's contribution was valued at $1.534 billion, representing 29.33 per cent of the total cotton import for that year. Conversely, China is a significant source of apparel imports for Brazil. 

Brazil was the largest supplier of cotton for China after the US, which supplied 58.30 per cent of its total cotton imports, as per Fibre2Fashion’s market insight tool TexPro. 

China's cotton imports from Brazil have shown a consistent increase over the past six years. In 2017, the value of imports was only $121.515 million. However, it rose significantly by 199.23 per cent to $363.616 million in 2018, followed by another increase of 156.07 per cent to $931.126 million in 2019. In 2020 and 2021, the imports further rose to $1,040.909 million and $1,211.373 million, respectively. 

On the other hand, China supplied 51.65 per cent of the apparel imported by Brazil, which was valued at $1.615 billion in 2022. In the same period, Brazil imported apparel worth $834.268 million from China. However, Brazil's apparel import from China has been decreasing in recent years. It was $1,034.531 million in 2018 but decreased by 11.46 per cent to $916.012 million in 2019, followed by a further decline of 34.06 per cent to $604.054 million in 2020, and a 9.28 per cent drop to $547.989 million in 2021, as per TexPro.

Brazilian President has said that he will invite Chinese President Xi Jinping to show him projects for which the south American country wants to attract Chinese investment, according to media reports. 

Fibre2Fashion News Desk (KUL)