Introduction
The textile industry is the one that never goes to complete downfalls as the textile is the basic need of human being. Like other industries, the textile sector also has to go for trade activities because this is how business between two countries flourishes. Textile exports have a major share in growing a countries economy by shipping textile goods from one country to another.
In the last decade, new exporters are found to dominate the textile export markets and have become the top textile exporters around the world. The biggest textile exporters are now exporting apparel and garments in the form of fabric, yarn, readymade garments and branded clothes, thus helping to expand the textile industries of their parent countries. The present article provides a list of topmost textile manufacturing countries in the world.
Trends in the World of Textile Trade
Leading textile exporters worldwide are valued on the basis of statistics indicated by World Trade Organization (WTO) reports and other acting bodies. The most recent review presented by World Trade Organization – WTO as World Trade Statistical Review in 2017 shows that US dollar value of global textile exports valued $284 billion in 2016 and it is found to be decreased 2.3% then its value in 2015 that was $291 billion again it was 7.2% less than its value in the year 2014. This consecutive two years of textile exports have shown negative growth in the total margins. After 2009 financial crises, a decrease in textile exports was observed for the first time in 2015. WTO has given a logic for this negative growth by stating decrease in oil prices and slower economic activities in various countries are the mobility factors behind this uncertain negative trend.
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Top Textile Exporters in the World
According to these statistics, following countries are the major textile exporters in the last 5 years.
China; The Global Leader in Textile Export
Today, China is nominated as second biggest economy after the United States in the world. China has major contributions in world textile exports as well where it contributed $18425 million in 2015, $15775 million in 2016 and $14412 million in the year 2017 making itself the leader of top textile exporters around the globe.
Europe
Europe is the second largest exporter of textile where it contributed 65.5% in global textile exports with China and India in the year 2016.
India
India falls third in the race of best textile exporters of the world where it has the share of worth $3492 million in 2015, $3332 million in 2016 and $3733 million in 2017 making its share increased 12.05% in the year 2017 as compared to the year 2016.
USA
The United States is the pioneer in the Textile Sector and being world’s biggest economy yet it falls at the fourth position in textile exports where it exported textile of worth $3436 million in 2015, $2985 million in 2016 and $3604 million in 2017 where it raised its textile exports 20.71% in the year 2017.
Turkey
Turkey observed an increase of 3% in its textile exports in the year 2017 it exported 1802 million US dollars’ worth textile in the year 2017 than of $1748 million in 2016 which was $1779 million in 2015.
Korea
South Korea like Turkey has maintained its position by exporting $1794 million in 2015, $1627million in 2016 and $1690million in 2017.
Pakistan
Pakistan raised its position among textile exporters in 2017 by competing Chinese Taipei and Hong Kong and exported $1089 million worth of textile around the world.
Vietnam
Vietnam collectively exported textile and clothing of worth $4387million in the year 2015, $4804million in 2016 and $5101million in 2017.
Germany
Germany is the second largest exporter of the world had a share of textile exports of value 2328 million US dollars in the year 2015, 2272 million US dollars in the year 2015 and 2277 million US dollars in the year 2015.
Italy
Italy falls at 8th for world exporters and exported textile worth 1786 million US dollars in the year 2015, 1773 million US dollars in the year 2016 and 1700 million US dollars in the year 2017.
Out of the countries listed above, Asia Textile Inspections provides quality inspection services in Vietnam, Pakistan, India, South Korea and China.