Trends in world textile and clothing trade, 2024

Trends in world textile and clothing trade, 2024

This latest update of this series of reports contains the most recent comprehensive statistical data, information and insight into global textile and clothing trade. The report identifies key trends, it includes information on textile and clothing deficits and surpluses, and it analyses the trade activities of the world's leading textile and clothing exporting and importing countries and regions. The report presents a wealth of information and it is essential for anyone involved in buying or sourcing textiles and clothing. World textile and clothing trade declined to US$872 bn in 2023—reflecting a slowdown in consumer demand for finished products as a result of sharp increases in living costs. As a result, world textile and clothing trade was only at its third highest level on record. China was the world's biggest exporter of textiles in 2023, followed by the EU and India. China was also the world's biggest exporter of clothing, followed by the EU and Bangladesh. Meanwhile, the EU was the world's biggest importer of textiles, followed by the USA, and it was the world's biggest importer of clothing, followed by the USA, Japan and the UK.