Textile industry in Turkey is gaining more importance in 2020. The export value of Turkey textile industry has reached a value of USD 27.56 Bn. Their export sales in 2017 were valued at over $1.546 trillion. To know more about the textile trading - Subscribe to TexPro. Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Textile and clothing industry of Germany has a long history of manufacturing, innovation, and flexibility. The Covid-19 has collapsed the demand for the country’s exports during the last five months. Updated by Trade Statistics Unit. var switchTo5x = true; The high exports are a way to help a country win the war of being powerful. Facebook Germany is the second largest exporting countries in the world. The United States. Listed below are the top 10 exporter countries based on their exported value in 2018. The Interactive Correlation. The country is a leading textile exporter with a turnover of USD 38.73 Bn. , fabrics, yarns, apparel, home furnishing, and other textile products. FDI in the textiles and apparel industry has reached up to $3.45 bn during 2020; Exports in the textiles and apparel industry are expected to reach $300 bn by 2024-25 resulting in a tripling of Indian market share from 5% to 15%; To double the industry size to $300 bn by 2025-26, 7 mega textile parks have been planned. Fibre2fashion.com does not warrant or assume any legal liability or responsibility for the excellence, accurateness, completeness, legitimacy, reliability or value of any information, product or service represented on Fibre2fashion.com. India is using intensive technology for mass production of textile products – spinning, weaving, processing, and apparel. Top 10 Major Import Countries, 2020 Source: Department of Statistics, Malaysia Tabulated by: MATRADE. Figure 2: Top 20 exporting countries of fashion goods* (share in total country exports), estimated TEU 2019 * SITC, 2-digit categories including: Textile fibres, Textiles & made-up articles, Clothing & accessories This report contains statistical data, information and insight into the textile and apparel industries in the EU. These internationally recognized rules can help you interpret trade terms and will define the responsibilities of sellers and buyers in any export transaction. 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. Advance technology and High-quality products have attracted many major global retail brands to Bangladesh. Tweets by MATRADE. Top Export Countries. The report identifies important trends, and includes information on general economic trends, textile and clothing production in the EU, the EU's textile and clothing trade balance, imports by supplying country, exports by destination country, and imports and exports by EU member state. (December 2020) The following is a list of countries by pharmaceutical exports. In 2020, Việt Nam is the only country in the top 5 textile exporting countries in the world that have not been isolated and stopped production. The easing of lockdown in the North American and European countries — top export destinations for Pakistani textile goods — will help revive the sinking exports. exports. Employment in India’s garment industry is now over 13 million people, making it the country’s largest employment provider. The export partners of this country are Canada, Mexico, china, Japan, United Kingdom. Overall the value of drugs and medicine exports grew by an average 5.8% for all exporting countries since 2014 when drugs and medicines shipments were valued at $344.1 billion. In 2020, Việt Nam is the only country in the top 5 textile exporting countries in the world that have not been isolated and stopped production. Top 10 Major Import Countries, 2020 Source: Department of Statistics, Malaysia Tabulated by: MATRADE. For these reasons this country is placed in third position of top ten largest exporting countries in the world. The top 5 countries to which manufacturers export the most in 2020 are as follows: Uzbekistan, Bangladesh, Pakistan, Iran, and Egypt. Italy covers the entire range of fibers, with cotton, linen, silk, and wool. The 20th anniversary issue of The Fiber Year includes textile and clothing trade data for 60 countries, of which most in 2019 were on a lower level. By continuing to browse this site you agree to its, Analytics powered by IBM Watson™ Natural Language Understanding. Product innovation of Italy is entirely focused on the technical performance of fabrics and yarns to extend the areas of application. With high-tech innovation, these countries are shaping the world of textile and apparel. A production line at the Việt Nam Textile and Garment Group (Vinatex). Also, the US is technically very advance in Textile and Apparel sector which is making companies invest in the US textile market. Apparel export is a global business. Some Asian low-cost industries succeeded to lift exports, with Cambodia and Myanmar recording double-digit growth rates. Fourth, associated with the shifting pattern of world apparel production, the world textile import is increasingly driven by apparel-exporting countries in the developing world. Click to tweet. One can also export textile products or raw textile to the demanded market. This report provides data for a variety of recent time periods for the top ten suppliers. We use cookies for better user experience. Also, the US is technically very advance in Textile and Apparel sector which is making companies invest in the US textile market. Top Export Countries. As per a report from Vietnam Industry and Trade Electronic News, Vietnam’s textile … * Please click on bar to drill down and up. Below are the world’s top export countries that shipped the highest dollar value in exports during 2019. Textile and apparel exports constitute an important share of the total exports in a range of countries: 85% in Bangladesh, 59% in Pakistan, 12% in Turkey, and 11% in Egypt. China, European Union (EU28), and India remained the world’s top three exporters of textiles in 2018. Merchandise exports. There’s also a huge rise in export and is continuing to grow. According to the Istanbul Garment Exporters Association (İHKİB), the sector had a 10.1% share of the country’s total exports of $14.8 billion in January 2020, reaching an export figure of $1.5 billion, up 5.8% in the same month last year. France . The strength of US textile lies in Non-Woven, Specialty and Industrial Fabrics, Medical Textiles and Protective Apparel. Nearly 73.4% of exports went to EU countries, with Germany and Spain as the primary recipients. Email With a total of €18 billion in export earnings, Belgium is expected to rank among the world’s top 10 exporting countries in 2020, according to the latest report on world trade, published on Thursday, made by Euler Hermes, a world leader in export-credit insurance. MATRADE Announced Mohd Mustafa Abdul Aziz as … Over the period under review, the average export prices for beef (cattle meat) attained their maximum at $5,370 per tonne in 2014; however, from 2015 to 2018, export prices remained at a lower figure. The decline reflected a fall in EU consumer expenditure on clothing and footwear, and such expenditure is forecast to decline even further in 2020 to its lowest level in several years—reflecting the impact of the COVID-19 pandemic. Tweets by MATRADE. This week's key stories, direct to your inbox.Be the first to know. Turkey’s textile industry is of great importance in the European and North American textile trade. However, recent forecasts suggest: trade volumes decreasing between 13% and 32% in 2020 , global ... many of which are dependent on textile and garment exports. The country is world’s 2. has transformed its production for low-cost high volume to high quality products. Notably, China and EU (28) also enjoyed a faster-than-world-average export growth in 2018, up 7.9% and 6.9% respectively. Textile exports have a major share in growing a countries economy by shipping textile goods from one country to another. to ensure more transparency and coordination in their supply chain. © Copyright Innovation in Textiles. Compared to the 36.5pc decline in May 2020, the exports in June declined by 5.43pc over the year last year. Over recent decades, the country has transformed its production for low-cost high volume to high quality products. As of June 2020, the earth’s population was roughly 7.8 billion. Hope this will help you in marketing strategy. Italy is producing a large range of E-textile with new technologies to provide benefits to the wearer. The textile industry went through a tough period from April to July 2020 following the Covid-19. Indian Textile Industry has broadly classified into two segments: First, the unorganized sector consists of handloom, handicraft, and sericulture, which are operated on a small scale practicing traditional tools and methods. 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