What are the new changes in the global textile and apparel trade pattern?

The global textile and clothing trade volume has also decreased. According to the calculation of the report data, in 2019, the global textile and clothing export value was 799.63 billion U.S. dollars and the import value was 839.54 billion U.S. dollars, a year-on-year decrease of 0.9% and 3.1% respectively. From the perspective of product structure, clothing trade is relatively more stable. In 2019, global textile exports were US$306.12 billion, a year-on-year decrease of 2.1%, and clothing exports were US$493.51 billion, a year-on-year decrease of only 0.1%.

China's textile industry has maintained a stable scale advantage in the international export market, and its share of total global exports has only slightly declined. According to WTO data, my country exported a total of US$272 billion in textiles and clothing in 2019, accounting for 34% of the global export of textiles and clothing in the same period, a slight decrease of 0.2% from the 34.2% in 2018. The competitiveness of my country's textile exports has improved. In 2019, the export value was 120 billion U.S. dollars, accounting for 39.2% of the global textile export value, an increase of 1.3 percentage points from 2018, reflecting the role of my country's textile fabrics, chemical fibers and other products in the international supply chain Promote. In 2019, my country's clothing export value was 152 billion U.S. dollars, accounting for 30.8% of the global clothing export value, a decrease of 1.1 percentage points from 2018.

From the perspective of the top 10 countries and regions in textile and clothing import and export, the ranking of major import and export countries and regions has not changed much. The export market share of Vietnam, Bangladesh, and Turkey kept increasing. U.S. import share increases, EU import share decreases.