Cotton and Hemp
U.S. Cotton Exports in 2022
Total Export Value
$9.02 Billion
Total Volume (Millions)
3 Metric Tons
3-Year Average
$6.88 Billion
Compound Average Growth
4.9% (2013-2022)
Data and Analysis
Cotton production in Australia is primed for a near record 5.8 million bales in MY 2023/24, stringing together three successive big crops starting from the record 5.85 million bales in MY 2021/22.
Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023.
Cotton production in Peru is estimated to reach 16,000 MT in CY 2023, increasing 8 percent compared to the previous year.
News and Features
The American agricultural sector posted its best export year ever in 2022 with international sales of U.S. farm and food products reaching $196 billion.
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