Global trade of apparels expected to decrease in 2022

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.

 

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.#

The global import value of apparels grew 5.54 per cent to $4,12,978.66 million in 2019 from $3,91,305.30 million in 2017, according to Fibre2Fashion's market analysis tool TexPro. Total imports decreased 1.74 per cent in 2019 over the previous year and is expected to increase to $4,24,945.13 million in 2022 with a rate of 2.90 per cent from 2019.

 

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.#

China ($1,45,327.75 million), Vietnam ($31,377.60 million), Italy ($25,728.29 million) and Germany ($23,873.25 million) were the key exporters of apparels across the globe in 2019, together comprising 51.04 per cent of total export. These were followed by India ($16,251.30 million), Turkey ($16,064.13 million) and Spain ($15,641.72 million).

 

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.#

From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Vietnam (41.41 per cent), Germany (40.63 per cent) and Italy (33.36 per cent).

 

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.#

US ($84,727.52 million), Germany ($38,480.41 million), Japan ($27,999.84 million), France ($24,541.51 million), UK ($24,144.66 million) and Spain ($20,857.09 million) were the key importers of apparels in the globe in 2019, together comprising 53.45 per cent of total import. These were followed by the Netherlands ($17,728.75 million), Italy ($17,479.00 million) and Hong Kong ($10,463.34 million).

 

The global export of apparels dropped marginally 0.24 per cent from $4,44,468.56 million in the year 2017 to $4,43,401.00 million in 2019. Total exports declined 3.59 per cent in 2019 over the previous year, according to data from TexPro. Further, the export is expected to move down to $4,38,206.56 million in 2022 with a rate of 1.17 per cent from 2019.#

From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Spain (31.95 per cent), Germany (15.24 per cent) and France (11.35 per cent).