Bangladesh will become the world’s largest cotton importer

According to a report by Financial Express on August 5, Bangladesh will surpass China within four years and become the world’s largest cotton importer. Bangladesh can only produce 100,000 bales of cotton every year, and imports more than 6 million bales of cotton annually. As the world’s second largest cotton importer, Bangladesh is an important export market for Australian cotton. As the world’s fourth largest cotton exporter, Australian cotton has reliable quality and zero pollution, and has a time and cost advantage in shipping to the Asian market. However, Bangladeshi domestic textile companies believe that Australian cotton is expensive. Australia is strengthening its cotton trading partnership with Bangladeshi textile companies and large retailers through various channels, and is striving to form a mutually beneficial and win-win cooperation model. Bangladesh will become the world’s largest cotton importer within 4 years