top garment exporting countries 2020

In the present time, apparel manufacturing industries are rapidly grown in the countries where labor cost is low. In 2019, China was the top ranked global clothing exporter with a share of approximately 30.8 percent, followed by the European Union, Bangladesh and Vietnam. As there is significant uncertainty about how the epidemiological and economic situation will evolve, assessing the duration and the gravity of the pandemic seems like … For this reason, the last decade has seen an increase in garment production in countries like India, Vietnam and Pakistan, as well as Cambodia and Bangladesh. “We are trying to reach last year’s level of exports this year too. In the first quarter of 2020, the coronavirus pandemic led to a 3% drop in global trade values. In 2020, the share of ready-made garment (RMG) exports in Bangladesh amounted to approximately 83 percent of the total exports. Garment exports from Tiruppur in the 2020-2021 financial year is expected to be worth ₹ 24,000 crore. Figure 2: Top 20 exporting countries of fashion goods* (share in total country exports), estimated TEU 2019 The latter provides the lowest wages out of the major garment producing countries, where the monthly minimum for garment workers is 5,300 taka, (about 65 USD). Export Data reports: by Schedule B. U.S. Exports of Textile and Apparel Products by … U.S. Exports to the Middle East; Fastest Growing Markets; 2018 Product correlation; Historical data: 1989-2018 (For 2019 and 2020 please use the interactive tools below) Interactive U.S. COVID-19 could trigger the biggest economic contraction since World War II, affecting all industries from finance to hospitality. Bangladeshi garments sector earns a lot of reputation from foreign garment buyers. Garment exports also declined sharply in 2020. Vietnam has become the Second largest Exporter of Clothing & Textile in the world after China Outrunning Bangladesh. ... many of which are dependent on textile and garment exports. As a result, high ranked buyers from all parts of the world are so much interested in place order here throughout the year. Try our corporate solution for free! It can provide a higher quality product at a convenient price than other garments manufacturing countries. Apparel manufacturing and exporting depends on different points. India stands at 5th largest countries with an export turnover of $37.11 Bn. Vietnam has outrun Bangladesh by exporting textiles, seeing products by June 2020. In the present time, china apparel industry exports the highest number of clothing all over the world. Both, Chinese apparel exports and footwear exports declined by more than $1 billion during February, April and May, compared to the same months in 2019. (212) 419-8286 The textile industry supply chains, trade logistics and developing countries. In the first quarter of 2020, the coronavirus pandemic led to a 3% drop in global trade values. Apparel export is a global business. 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