Brazilian cotton exports grow by over 50% in the first half of 2020
Jul, 09, 2020 Posted by Sylvia SchandertWeek 202028
Data released by the National Association of Cereal Exporters (Anec) shows that Brazilian cotton exports reached 836,00 tonnes between January-June 2020, representing 56.5% growth compared to the first half of last year, when the country shipped 534,200 tonnes. Shipment revenue totaled US$1.3 billion, up from US$908.5 million in the same period last year.
To give an idea of the growth in the volume of cotton shipped, the graph below shows Brazilian exports on a monthly basis since 2017:
Source: DataLiner
China was the main destination for the cotton, totaling 25% of the exported volume, or 212,300 tonnes. In second place was Vietnam, which bought 16% of the export volume, at 135,300 tonnes.
Among the ports that shipped the most cotton, Santos stood out with 95.7% of the volume shipped in the first five months of 2020, followed by the Port of Salvador, with 2.4%:
Source: DataLiner
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In the first week of July, Brazil shipped 5,900 tonnes of cotton, with revenues of US$9 million
Source: Valor Econômico
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