Global textile and apparel exports decline
According to a report by Bangladesh’s “Daily Star” on December 12, World Trade Organization data showed that due to declining demand, the export volume of the world’s top 10 textile exporters and apparel exporters in 2016 was US$246 billion and US$384 billion respectively. billion, a decrease of US$22 billion and US$3 billion from the previous year. In terms of textile exports, China is still the world’s largest exporter. Although exports fell by 3%, it accounts for 37% of the global market share, followed by the European Union, which accounts for 23% of the global market share. In terms of clothing exports, China’s clothing exports fell by 7%, but still ranked first in the world, accounting for 36% of the global market share. The EU, as the second largest, accounted for 26% of the global market share. In terms of imports, the EU, the United States, and China were the world’s three largest textile importers in 2016, accounting for 37.9% of the world’s total textile imports. The European Union, the United States, and Japan were the world’s three largest clothing importing countries in 2016, accounting for 63% of the world’s total clothing imports. Global textile and apparel exports declined in 2016
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