Product intelligence · HS 120729 · 2024 data

Oil seeds: cotton seeds, other than seed, whether or not broken

Global exports of oil seeds: cotton seeds, other than seed, whether or not broken totalled $471,331,537 in 2024, a -17.9% change from the previous year. Traded by 95 countries across 454 bilateral corridors, with demand from 133 importing markets. The long-term trend is rapid growth.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$471.3M

-17.9% YoY

3Y / 5Y CAGR

+11.9%

5Y: +17.9%

Supply structure

Concentrated

HHI 0.315

Volatility

Low

Score 8/100

1.

Market movement

In 2024, oil seeds: cotton seeds, other than seed, whether or not broken trade exhibited significant decline, with global flows reaching $471,331,537 and a three-year compound annual growth rate of +11.9% (five-year: +17.9%). The all-time peak of $574,119,004 was recorded in 2023; the current level is 18% below that high-water mark.

Over the 30-year observation window (19952024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+8.6% acceleration).

2.

Supply & demand structure

The supply side is concentrated (Herfindahl-Hirschman Index 0.315). The three largest exporters — Australia ($229.1M), United States ($112.0M), and Greece ($80.2M) — collectively dominate supply flows. The leading exporter has grown at +32.8% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.238). The three largest import markets are China ($214.4M), South Korea ($46.3M), and Italy ($36.1M). The largest importing market sources from 6 different supplying countries.

The dominant trade corridor is Australia → China at $196.2M, representing 91.5% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for oil seeds: cotton seeds, other than seed, whether or not broken is 8 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.

Historical evidence

Annual trade value 19952024

Peak: $574,119,004 in 2023. Currently 18% below peak.

YearGlobal trade (USD)YoY growth
2015$212,414,470-37.8%
2016$267,800,752+26.1%
2017$293,278,548+9.5%
2018$236,560,938-19.3%
2019$207,284,692-12.4%
2020$235,571,859+13.6%
2021$336,606,823+42.9%
2022$510,547,046+51.7%
2023$574,119,004+12.5%
2024$471,331,537-17.9%

Top exporting countries

Ranked by export value of oil seeds: cotton seeds, other than seed, whether or not broken in 2024.

View all 95 exporters →

Top importing markets

Largest import destinations for oil seeds: cotton seeds, other than seed, whether or not broken.

View all 133 markets →

Leading trade corridors

Largest bilateral export flows for oil seeds: cotton seeds, other than seed, whether or not broken, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1AustraliaChina$196.2M+55.9%
2United StatesSouth Korea$37.1M+11.3%
3GreeceItaly$34.1M-8.1%
4United StatesMexico$27.5M+17.7%
5United StatesJapan$19.5M+19.6%
6AustraliaUnited States$19.1M+32.1%
7United StatesChina$17.2M+63.7%
8GreeceSaudi Arabia$14.6M-0.9%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.