HS Code:
The 'Purchased and Entered Pursuant to the Secretary of Agriculture's Special Cotton Import Quota Announcement Number 19' category pertains to specific cotton imports allowed under a special quota announced by the U.S. Secretary of Agriculture. This quota facilitates the importation of cotton under specific conditions to balance domestic production and demand, often tied to shortfall predictions or market stabilization efforts. This category falls under specific Harmonized System (HS) codes related to cotton, though the exact HS code is not provided in the query. It is primarily used to regulate supply in the U.S. market, ensuring that domestic producers are not adversely affected while meeting textile industry needs.
Total Trade Volume
Approximately 40,000 metric tons
Data from 2022
Source
U.S. Department of Agriculture (USDA) and U.S. International Trade Commission (USITC)
15,000 metric tons
37.5% of total trade of total trade
Increasing
10,000 metric tons
25.0% of total trade of total trade
Stable
8,000 metric tons
20.0% of total trade of total trade
Increasing
5,000 metric tons
12.5% of total trade of total trade
Decreasing
2,000 metric tons
5.0% of total trade of total trade
Stable
Average Rate
0% (Quota-exempt under specific conditions)
Highest Rate
Not applicable (Quota-based entry)
Lowest Rate
0% (Under quota limits)
Increased demand for sustainable cotton
Higher imports from countries with certified sustainable cotton production like Brazil and Australia, influencing quota allocations.
2021-2022
Fluctuations in U.S. domestic cotton production
Special quotas are adjusted based on domestic shortfall predictions, leading to variable import volumes year-to-year.
2020-2022
Geopolitical trade agreements
Bilateral agreements and trade policies with countries like Brazil and Mexico affect quota distributions and import patterns.
2019-2022
The USDA revised the Special Cotton Import Quota under Announcement Number 19 to address a projected domestic shortfall for the 2022-2023 season, increasing allowable imports.
August 2022
Expected to boost imports by 10-15% from key suppliers like Brazil and India, stabilizing cotton prices for U.S. textile manufacturers.
New guidelines were introduced requiring imported cotton under special quotas to meet certain sustainability standards, aligning with global environmental goals.
January 2023
May limit imports from non-compliant countries while favoring suppliers with established sustainable practices like Australia.
A renewed trade agreement between the U.S. and Brazil included provisions for increased cotton quota allocations as part of broader agricultural trade cooperation.
March 2022
Strengthened Brazil's position as the top supplier under this quota, potentially increasing its market share further.