12.3m vs 11.75m

In 2023/24 Brazil shipped more cotton than the US for the first time, and it has stayed ahead every season since.

2.3x

Brazil's cotton exports jumped from 6.7m bales in 2022/23 to an estimated 15.5m in 2025/26.

34%

About a third of all cotton traded worldwide in 2025/26 came from Brazil (15.5m of 45.8m bales).

the numbers & method
Brazil overtook the US as the world's top cotton exporter. Source: USDA FAS, Cotton: World Markets and Trade (October 2026; December 2024), 2025/26.
YearBrazil (m bales)United States (m bales)Australia (m bales)India (m bales)
202011.016.11.66.2
20217.714.13.63.7
20226.712.56.21.1
202312.311.85.82.3
202413.011.95.21.3
202515.512.35.61.1
202616.012.34.51.5

Claim types Fact · Estimate · Forecast

Table 02, cotton exports, 1,000 480-lb bales; marketing years run August-July (chart year 2023 = 2023/24 season). 2022/23-2026/27 from the October 2026 edition (dated 2 Oct 2026); 2025/26 is a USDA estimate and 2026/27 is the USDA October forecast (Brazil 16,000, up 500,000 bales from September 'on higher production'; USDA says this would be a fourth consecutive record). 2020/21 and 2021/22 from the December 2024 edition (https://esmis.nal.usda.gov/sites/default/release-files/kp78gg36g/1257cn78c/x346fz63p/cotton.pdf), which lists among earlier reports 'Brazil Passes the United States as Top Cotton Exporter in 2023/24' (Jul 2024). Later revisions to 2020/21-2021/22 may exist; the 2022/23 world total differs slightly between editions (36,647 vs 36,554), latest used. '2.3x' (15,497/6,656) and '34%' (15,497/45,838) are derived.

Published 3 Nov 2026

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