According to China’s cotton yield per unit area and import and export trade, by use of virtual land resource accounting and grey Verhulst model forecasting method, this paper studies the virtual land resources of Chinese cotton trade, and predicts its development trend. The results show that: during 1992~2013, China boasts net import of cotton in respect of virtual land resource accounting; China’s cotton net import of virtual land resources accounted is relatively high. China’s cotton import virtual land cotton trade in the future will continue to increase, but the growth rate has slowed down.