Home breadcru News breadcru Import/Exports breadcru Global trade of dresses sustains upward trend

Global trade of dresses sustains upward trend

07 Oct '20
2 min read
Pic: Shutterstock
Pic: Shutterstock

The global export of dresses has considerably increased 10.97 per cent to $27,956.35 million in the year 2019 from $25,193.78 million in 2017. Total exports grew 5.76 per cent in 2019 over the previous year, according to data from TexPro. Further, the exports is expected to move up to $28,715.09 million in 2022 with a rate of 2.71 per cent from 2019. 
 
The global import value of dresses was $22,405.15 million in 2017, which significantly surged 14.34 per cent to $25,617.98 million in 2019, according to Fibre2Fashion's market analysis tool TexPro. Total imports rose 4.92 per cent in 2019 over the previous year and is expected to increase to $27,151.73 million in 2022 with a rate of 5.99 per cent from 2019.
 
China ($7,955.62 million), India ($1,928.35 million), Germany ($1,887.93 million) and Italy ($1,755.56 million) were the key exporters of dresses across the globe in 2019, together comprising 48.39 per cent of total export. These were followed by Spain ($1,469.95 million), Turkey ($1,382.53 million) and UK ($1,245.74 million).
 
From 2016 to 2019, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by Germany (157.64 per cent), Italy (12.57 per cent) and India (16.63 per cent).
 
US ($4,493.21 million), Germany ($2,337.57 million), UK ($2,057.85 million), France ($1,682.63 million) and Spain ($1,570.32 million) were the key importers of dresses in the globe in 2019, together comprising 47.39 per cent of total import. These were followed by Japan ($1,442.77 million), Netherlands ($1,194.84 million) and Italy ($870.61 million).
 
From 2016 to 2019, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by Germany (69.21 per cent), Spain (55.61 per cent) and France (20.85 per cent).

ALCHEMPro News Desk (JL)

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