August 2002 Edition:
Export Sales Up 66 Percent From Last Year
According to the final export sales report for MY01/02 U.S. cotton exports were 11.1 480-lb bales (10.6 million running bales), up 66 percent from last year’s level of 6.7 million. United States’ cotton exports accounted for more than 35 percent of world cotton trade, up from 26 percent last year. Mexico remained the top export destination for U.S. cotton, accounting for over 17 percent of all U.S. cotton exports or 1.95 million 480-lb bales. Turkey, the number two export destination for U.S. cotton, nearly tripled its imports of U.S. cotton from a year ago, importing over 1.5 million 480-lb bales. India’s rising in the ranks as one of top the export destinations for U.S. cotton is a noteworthy occurrence. India was the third largest destination for U.S. cotton in MY 01/02, importing over 1 million 480-lb bales, more than triple the MY 00/01 level of 318,000 bales. Other markets with major increases from last year were Indonesia, Taiwan, Thailand, and Pakistan.
Current low U.S. prices combined with falling world production and increased demand will lead to continued trade opportunities for the United States in MY 02/03. USDA is forecasting U.S. exports of 11.2 million bales, the second highest on record. U.S. cotton is likely to remain competitive in the new markets developed over the past year.
Download the entire circular.
TABLE OF CONTENTS
World Cotton Outlook
U.S. Cotton Highlights
Most statistical tables contained in this circular may be viewed in Adobe Acrobat format ® (.pdf).
Most statistical tables are available in Adobe Acrobat and Lotus version 3 format. You may need to GET the Acrobat reader.
|Download the trade tables in Lotus 123 version 3 format. Please note that some versions of Netscape Navigator will change the filename extension; if this happens, you MUST rename the file to .wk3 to access it.|