Exporting allows a country's producers to gain ownership advantages and develop low-cost and differentiated products. After United States the china is the 2nd largest or biggest economy in the world. It is viewed as a low-risk mode of production and trade. Germany. Thailand. Vietnam's top 10 textile and garment exporters 2021. China is the leading manufacturer and exporter of textiles in the world. The Chinese garments industry is the largest manufacturer as well as exporter in the world since 1993. . It produces the finest quality raw materials and finished or ready-made products. Low cost and vast labor availability, reduced commercial barriers and strong material supply are a few of the . 3. Italian textile industry is strongly . Mexico. , Sep 19, 2022. Globally, total export products were worth an estimated US$21.513 trillion in 2021. China. 2. Here is a list of the top 10 exporting countries of the textile and apparel industry, ranked from 1 to 10 : 1. Get in touch with us now. 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 . Growth in the export industry. 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 . Bangladesh: The second-largest apparel exporting country has had a tremendous 2021. This country produces 52.2% of the garment products of global garments production and earns $118.5 billion. Retail Sourcing Sustainability Manufacturing Trade Data. China is also the mecca for electronics manufacturing. 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. Source: The Ministry of Industry and Trade . 1.1%. Features. China - $1.904 trillion. Textiles can refer to the materials used in clothing production, as . Here are the top ten countries: Figure: Amid the worldwide growth sluggishness among industries - textile and apparel manufacturing has been steeply rising. In 2020, the top countries to which Textiles and Clothing were Exports include United States, Germany, United Kingdom, Japan and China. Regent Garment Factory Limited, . 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. . Sep 19, 2022. 1. Italy covers the entire range of fibers, with cotton, linen, silk, and wool. 9. . exports to the largest market, the US, in 2022 increased by 42.0% over January 2021. 0.9%. Exports to the countries participating in the CPTPP increased by 19.7%. China's export value was approximately $266.41 billion in 2020. The Italian textile industry is preeminent to apparel and fashion world. As per the Export Promotion Bureau (EPB) data, in July- January of FY2021-22, Bangladesh's readymade . 1. Stalwarts of textile industry honoured with lifetime achievement awards. While the US is the largest import partner in textiles and apparel, China, India, Bangladesh, and Vietnam are growing as significant trading partners. In 2020, China was the top ranked global textile exporter with a value of approximately 154 billion U.S. dollars. Related News. Dec 10, 2021. Business. As assessed by total value, the top 10 export countries are China, United States of America, Germany . Oct 19, 2022. China is also known for its electronic products which are famous across the world. The countries aim to capture the global market to ensure their platform in world business. 10. Its main exporting partners are Austria, china, United Kingdom, Switzerland, Belgium and Italy. Exports to Korea up by 33.4%, and to EU by 40.9%, etc. Apparel exports, depressed by the pandemic, are expected to rise by 8% through 2022. China. 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, 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. The garments export industry. Apparel is an important contributor to the Mexican economy, employing about 400,000 workers in 22,000 factories. 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