Today India holds the fifth position in the global textile exporting business, with an export value of $37.11 Billion. India has one of the oldest textile industries in the world. The main focus of the country is to produce high-quality items to keep up in the competitive market and to improve its supply chain. The export value of Vietnam according to 2020 is $37.93 Billion. Vietnam mainly exports to countries like Japan, the USA, South Korea, and the EU. Vietnam has many advantages like a skilled labor force and low wages. Vietnam is the fourth largest exporter of textiles in the world, with a rich history of high-quality manufacturing. The vertical capacities of Bangladesh help global brands to maintain more coordination and transparency in their supply chain. Interestingly, the country is the 2nd largest textile exporter of western fast fashion brands and excels in bulk order. Bangladesh has an export value of $38.73 billion as calculated in 2020. Low labour cost and a massive workforce have enabled Bangladesh to become the third-largest exporter of textiles and apparel in the world. The country has been focusing on the production of high-quality textiles.īangladesh has emerged as a prominent competitor in the textile and apparel industry. Most of the industries in Germany range between medium and small size businesses. The country excels in exporting synthetic yarn, knitted apparel cloth, and man-made fiber. With an export value of $38.99 billion, Germany follows China as the second-largest exporter of textiles in the world. The industry is growing every day and the government does its best to aid the growth. The eight major categories of China’s textile industries include cotton fabrics, silk fabric, chemical fabrics, wool fabrics, knitted fabric, textile machinery, fiber, and garments. Factors like low-cost production, superior raw material, industrial infrastructure, advanced machinery, well-organized work process in domestic as well as global markets, have led to the thriving textile industry. China’s export value was approximately $266.41 billion in 2020. Here is a list of the top 10 exporting countries of the textile and apparel industry, ranked from 1 to 10 :Ĭhina is the leading manufacturer and exporter of textiles in the world. The countries aim to capture the global market to ensure their platform in world business. Exporting textiles and apparel is an important source of foreign exchange earnings. The textile industry has several advantages which help boost the economy of a country. The competition always keeps the players at the edge, each trying to stay ahead at every point in time. The Textile Industry is never without a moment of thrill.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |