U.S. Exports Up in 2004/05 with Smaller Exports to China
Indonesia Thailand Pakistan
Million Running Bales 2003/04
U.S. exports ended MY 2004/05 at 13.6 million (500-lb) running bales, up 2.0 percent from 2003/04.
Improved exports to a majority of the traditional buyers of U.S. cotton compensated for lower exports to
China, Mexico, and Brazil.
In 2004/05, U.S. exports to Turkey, Indonesia, and Thailand increased significantly, the result of expanding
local textile industries. Such gains propelled Turkey to become the 2nd largest export market for U.S.
cotton, ahead of Mexico. U.S. exports also grew to other important trading partners, including Pakistan,
Korea, Taiwan, Japan, and Hong Kong.
U.S. exports to China fell to 3.4 million running bales in 2004/05, down 27.4 percent from 4.7 million bales
in 2003/04. Larger exportable production in Uzbekistan and Australia drove down U.S. market share in
China from 57.9 percent to 53.8 percent through June 2005. Likewise, a dramatic increase in China’s
production dampened overall import demand throughout the year. Import demand was further hampered as
China’s textile sector drew down cotton stocks.
U.S. exports to Mexico in 2004/05 were hindered by a declining Mexican textile industry, increased local
production, and large available stocks. Notwithstanding increased cotton usage within the Brazilian textile
sector, U.S. exports to Brazil fell due to a large increase in local production. While China remained the top
export market for U.S. cotton, Mexico dropped from 2nd to 3rd and Brazil dropped from 10th to 19th.
World Markets and Trade
Approved by the World Agricultural Outlook Board