Cotton trade occupied a huge market in world trade. The cotton-producing countries are looking to export their cultivated cotton to other countries for earning foreign exchange after fulfilling their domestic demands. It is noted that China is the top cotton-producing country in the world also they are the top importer of cotton. Because China is a fast developing country in the world in the textile sector and it dominates the world textile finished goods market.
Top 10 Cotton Importers of the World:
The position of a country in the list could be changed but most of the statistics show that the followings are the most cotton importers in the world. Generally, cotton is imported by the country where textile industries grow up rapidly. In the subcontinent, the textile industry grows day by day, especially in Bangladesh, India, and Pakistan, they import their raw fiber from the other cotton exporting countries.
- South Korea
Cotton import and export are done depending on the cotton production and demand for cotton use. If we want to get excellent finished goods then we have to import good quality cotton fiber. For this reason, we have to know the characteristics of different countries’ cotton.
So, before importing, we have to be sure about the quality and properties of cotton.