More U.S. cotton is exported than milled domestically
The 10-year phase-out of textile and apparel import quotas that existed under the international Multifiber Arrangement was completed at the start of 2005, leading to increased U.S. imports of those products and contributing to reduced U.S. cotton mill use. As a result, U.S. raw cotton exports have become increasingly important. Exports now account for approximately 85 percent of overall use of U.S. cotton, compared with less than 40 percent in the 1990s. The United States is the leading global exporter of cotton. Vietnam and China are the largest destinations for U.S. cotton exports.
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