Readymade Garments Import and Export Data

Jul 23, 2024

Readymade Garments Import and Export Data

They not only provide comfort to human beings but also help them keep an impactful posture throughout the whole day. It is a type of clothing preferred for inner body wear throughout the world, the rapid increase of this clothing in a global trade leads to higher import and export of this product at an international rate. The rapid change in fashion trends along with the increasing population has made this product lead among one of the top global exports.

Just like other agricultural goods and machinery that contribute to the global export trade rate, garments are also a significant export that accounts for economic growth. The overall consumption of this highly sought commodity has recorded a value of 2.5 trillion US dollars in 2023 with a growth rate of 2% from the previous years, which has led to a tremendous hike in both its import and export trade rate recording an import value of 708 billion US dollars and export value of 540 billion US dollars in 2023.

Top Importers of Garments 2023

The worldwide manufacturing of garments with different quality specified fabrics has made the industry thrive globally which is increasing its trade rate. The Global Garment Import Data says that the import business of garments is rising across the world mainly because of its increasing consumer rate. The top 10 global importers of garments with trade values of 2023 are discussed below,

• United States – According to the USA Import Data, the import trade rate of garments in 2023 is 282 billion US dollars.

• Germany – According to the Germany Import Data, the import trade rate of garments in 2023 is 120 billion US dollars.

• Japan - According to the Japan Import Data, the import trade rate of garments in 2023 is 71 billion US dollars.

• United Kingdom - According to the United Kingdom Import Data, the import trade rate of garments in 2023 is 68 billion US dollars.

• France - According to the France Import Data, the import trade rate of garments in 2023 is 63 billion US dollars.

• Spain - According to the Spain Import Data, the import trade rate of garments in 2023 is 47 billion US dollars.

• Italy - According to Italy Import Data, the import trade rate of garments in 2023 will be 46 billion US dollars.

• Canada - According to the Canada Import Data, the import trade rate of garments in 2023 is 35 billion US dollars.

• Netherlands - According to the Netherlands Import Data, the import trade rate of garments in 2023 is 33 billion US dollars.

• Belgium - According to the Belgium Import Data, the import trade rate of garments in 2023 is 32 billion US dollars.

Top Exporters of Garments 2023

The export of a particular product from a nation is mainly because of its increasing demands globally or in domestic standard. Garments have become a leading export following the other trade products like machinery and electrical reproducers because of its top-notch quality trade due to its better quality manufacturing materials. As per the Global Garments Export Data, the top exporters of readymade garments with an export trade value of 2023 are discussed below,

• China – As per the China Export Data, the export trade value of readymade garments in 2023 is 320 billion US dollars.

• Bangladesh – As per the Bangladesh Export Data, the export trade value of readymade garments in 2023 is 70 billion US dollars.

• Vietnam – As per the Vietnam Export Data, the export trade value of readymade garments in 2023 is 50 billion US dollars.

• India – As per the India Export Data, the export trade value of readymade garments in 2023 is 40 billion US dollars.

• Turkey – As per the Turkey Export Data, the export trade value of readymade garments in 2023 is 23 billion US dollars.

• Indonesia – As per the Indonesia Export Data, the export trade value of readymade garments in 2023 is 20 billion US dollars.

• Pakistan – As per the Pakistan Export Data, the export trade value of readymade garments in 2023 is 18 billion US dollars.

• Cambodia – As per the Cambodia Export Data, the export trade value of readymade garments in 2023 is 8 billion US dollars.

• Sri Lanka – As per the Sri Lanka Export Data, the export trade value of readymade garments in 2023 is 7 billion US dollars.

• Hong Kong – As per the Hong Kong Export Data, the export trade value of readymade garments in 2023 is 5 billion US dollars.

FAQ’s

Que. What is the export trade value of garments in 2023?
Ans. The export trade value of garments in 2023 is 540 billion US dollars.

Que. Who is the top importer of garments in 2023?
Ans. The US is the top importers of garments in 2023.

Que. What information can you get on Import Globals, Readymade garments import and export data?
Ans. You can get the information of import and export partners with top leading producers of 2023 in Import Globals, readymade garments import and export data.

www.importglobals.com ; info@importglobals.com