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Global Textile And Garment Exports Increased By 15% From 2009 To 2010.

2011/11/7 9:05:00 13

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Global Textile And Garment Exports Grew By 15%

WTO recently released 2011 International Trade Statistics, some of which are highly profitable globally.

clothing

On the list of export markets, India's market rankings dropped to fifth.

Data show that

India

Garment exports fell sharply in 2010, falling by more than 6%, the only export of the major garment exporting countries in 2010.

decline

Countries.

Bangladesh and Turkey have outperformed India in terms of clothing exports, while Vietnam and Indonesia are also closing the gap.

If exports of household textiles and clothing were also taken into consideration, India last year held the third place in the list of the largest exporters, though far behind China and the EU, China and the European Union ranked the top two on the list.

The main reason is that India's home textiles exporters are strong, such as bedspreads, household goods and curtains, which are strong exports to the world market.

According to relevant data, overall, global textile and clothing exports increased by 15% from 2009 to 2010, from $525 billion to $602 billion. Despite the volatility of the US economic recovery, the troubles in the euro area began to appear.

From a national perspective, India became the world's second largest exporter of textiles and clothing products in the world after China.

In terms of household textile products, India's exports increased by more than 41% in 2010.

On the list of home textiles exports, India ranked third, after China and the EU, but before the United States.

Preliminary market trends in 2011 showed that India's textile and clothing products lost more market share to Vietnam and Indonesia in the US market, while Bangladesh entered the EU market through the least developed countries' tariff concessions in the EU market, thereby accelerating the expansion of the EU market share.

WTO compiled data for 2000-2010 years and ten years respectively, and Vietnam ranks first among the world's five largest exporters of textiles and clothing.

This Southeast Asian country has increased by 20.3%, mainly due to China's investment in the country.

The list was followed by China (14.8%), Bangladesh (12%), Turkey (7.8%) and India (7.6%).

According to these data, China's share of world exports increased from 14.8% to 34.3% in the 10 years ended 2010, India increased from 3.3% to 4%, Turkey increased from 2.9% to 3.6%, Bangladesh increased from 1.6% to 2.8%, and Vietnam increased from 0.6% to 2.2%.