HS Code:
The category 'Purchased and entered pursuant to the Secretary of Agriculture's Special Cotton Import Quota Announcement Number 6' pertains to specific cotton imports under a special quota system established by the U.S. Department of Agriculture. This quota facilitates the importation of upland cotton under specific conditions to balance domestic supply and demand, often triggered by price or market conditions. It falls under a specific Harmonized System (HS) code, typically within the 5201 or 5203 chapters for raw or processed cotton, though the exact subheading may vary based on the announcement's stipulations.
Total Trade Volume
Approximately 45,000 metric tons
Data from 2022
Source
U.S. Customs and Border Protection, USDA Foreign Agricultural Service
Average Rate
0% (under quota limits)
Highest Rate
Up to 31.4 cents per kg (if quota exceeded)
Lowest Rate
0% (within quota allocation)
Increased demand for sustainable cotton
Higher imports from countries with certified sustainable practices like Brazil and Australia
2021-2022
Fluctuations in global cotton prices
Triggers for special quota announcements to stabilize U.S. domestic prices
2020-2022
Shift towards near-shoring
Growing imports from Mexico due to proximity and trade agreements like USMCA
2022
The USDA issued an updated Special Cotton Import Quota Announcement Number 6 in response to domestic supply shortages and rising prices, allowing an additional allocation for 2023.
October 2022
Expected to increase import volumes by 10-15% in the next fiscal year, benefiting key exporters like Brazil and Turkey.
Enhanced provisions under the USMCA have streamlined cotton imports from Mexico and Canada under special quotas, reducing administrative barriers.
July 2022
Likely to boost Mexico's share in U.S. cotton imports under quota systems.
Ongoing supply chain issues and geopolitical tensions have affected cotton exports from key regions, prompting reliance on USDA special quotas for market stability.
March 2022
Increased dependence on stable suppliers like Brazil; potential for quota expansions in future announcements.