HS Code:
The 'Purchased and entered pursuant to the Secretary of Agriculture's Special Cotton Import Quota Announcement Number 7' category pertains to specific cotton imports under a special quota system established by the U.S. Department of Agriculture. This quota allows for the importation of cotton under specific conditions to balance domestic production and international trade needs, often tied to market shortages or price stabilization efforts. The category falls under specific Harmonized System (HS) codes related to cotton (typically within Chapter 52), though the exact HS code is not provided in the query. This mechanism is part of broader U.S. agricultural trade policies aimed at protecting domestic industries while meeting international trade obligations under agreements like the WTO.
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
0.5 cents per kilogram (under quota limits)
Highest Rate
Out-of-quota rate: 31.4 cents per kilogram
Lowest Rate
0 cents per kilogram (under specific trade agreements)
Increased demand for high-quality cotton
Higher imports from countries like Brazil and Australia due to their production of premium cotton varieties, impacting quota allocations.
2021-2022
Fluctuations in domestic cotton prices
Triggered more frequent use of special import quotas to stabilize prices and supply in the U.S. market.
2020-2022
Sustainability and traceability requirements
Growing preference for cotton imports from countries with certified sustainable practices, influencing trade patterns.
2022
The U.S. Department of Agriculture issued a new announcement under Special Cotton Import Quota Number 7, increasing the allowable import volume to address domestic supply shortages.
March 2023
Expected to boost imports by 10-15% from key suppliers like Brazil and India, stabilizing textile manufacturing input costs.
Negotiations between the U.S. and Brazil led to an expanded allocation for Brazilian cotton under the special quota system, reflecting strong bilateral trade ties.
June 2022
Increased Brazilian market share in U.S. cotton imports, potentially affecting other suppliers.
New U.S. regulations require imported cotton under special quotas to meet sustainability certification standards starting in 2023.
January 2023
May limit imports from non-compliant countries, favoring suppliers with established certification systems like Australia.