. China's export value was approximately $266.41 billion in 2020. 1. , Sep 19, 2022. Source: The Ministry of Industry and Trade . 3. 1.1%. Merchandise trade data for Textiles and Clothing exports by country including Trade Value, Product Share, Country Growth, World Growth, Revealed Comparative Advantage (RCA) for 2020. . The Italian textile industry is preeminent to apparel and fashion world. Oct 19, 2022. Stalwarts of textile industry honoured with lifetime achievement awards. As per the Export Promotion Bureau (EPB) data, in July- January of FY2021-22, Bangladesh's readymade . Mexico. Apparel is an important contributor to the Mexican economy, employing about 400,000 workers in 22,000 factories. Textiles can refer to the materials used in clothing production, as . exports to the largest market, the US, in 2022 increased by 42.0% over January 2021. In 2020, China was the top ranked global textile exporter with a value of approximately 154 billion U.S. dollars. Low cost and vast labor availability, reduced commercial barriers and strong material supply are a few of the . 1. Bangladesh: The second-largest apparel exporting country has had a tremendous 2021. Here are the top ten countries: Figure: Amid the worldwide growth sluggishness among industries - textile and apparel manufacturing has been steeply rising. China. Italian textile industry is strongly . Germany. Dec 10, 2021. Business. 10. China. With its rapid growth over the last two decades, the Chinese textile industry has become one of the main pillars of the country's economy. 0.9%. China is the leading manufacturer and exporter of textiles in the world. 6) Italy. China is the largest textile producer in the world. China - $1.904 trillion. Sep 19, 2022. This country produces 52.2% of the garment products of global garments production and earns $118.5 billion. While the US is the largest import partner in textiles and apparel, China, India, Bangladesh, and Vietnam are growing as significant trading partners. That dollar amount reflects an 22.5% increase over the 5-year period starting in 2017 and a 22.9% uptick from $17.499 trillion one year earlier during 2020. Get in touch with us now. The countries aim to capture the global market to ensure their platform in world business. Its main exporting partners are Austria, china, United Kingdom, Switzerland, Belgium and Italy. Indonesia exports could hit $300 bln by 2024, spurred by resource 'downstreaming' Reuters - 10/24/2022 6:20:00 AM Indonesia's exports could hit a record $280 billion this year, with nickel-based steel shipments rising sharply after the country banned nickel ore exports, while shipments of other commodities got a boost from high prices, Thailand. The garments export industry. As assessed by total value, the top 10 export countries are China, United States of America, Germany . Regent Garment Factory Limited, . Retail Sourcing Sustainability Manufacturing Trade Data. Exports to the countries participating in the CPTPP increased by 19.7%. Globally, total export products were worth an estimated US$21.513 trillion in 2021. Exporting allows a country's producers to gain ownership advantages and develop low-cost and differentiated products. Features. The Chinese garments industry is the largest manufacturer as well as exporter in the world since 1993. 2. In 2020, China was the top ranked global clothing exporter with a share of approximately 31.6 percent, followed by the European Union, Vietnam, and . After United States the china is the 2nd largest or biggest economy in the world. Here is a list of the top 10 exporting countries of the textile and apparel industry, ranked from 1 to 10 : 1. In 2020, the top countries to which Textiles and Clothing were Exports include United States, Germany, United Kingdom, Japan and China. Exports to Korea up by 33.4%, and to EU by 40.9%, etc. 9. China is also known for its electronic products which are famous across the world. Growth in the export industry. Vietnam's top 10 textile and garment exporters 2021. Apparel exports, depressed by the pandemic, are expected to rise by 8% through 2022. Y-o-Y % Change in Volume-wise Apparel Exports to USA from Top 10 Countries: (Qty in million SME) Countries: Jan '20 : Jan. '21 % Change: World (-) 7.65 . It is viewed as a low-risk mode of production and trade. Related News. Italy covers the entire range of fibers, with cotton, linen, silk, and wool. . It produces the finest quality raw materials and finished or ready-made products. China is also the mecca for electronics manufacturing.
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