The global clothing and textile industry is large, diverse and fragmented. It offers products ranging from those that are very basic in nature (like ginned cotton) to complex, value-added products (designed by brands like Nike). It employs an estimated 75 million people, has a market worth that is estimated to be more than $2 trillion, and exports related to this category were to the tune of $786 billion in 20141. Barring any major shock, the market is estimated to grow by an average of 7% and above in the coming years. The largest share in this market is of women’s wear ($621 billion), men’s wear ($402 billion) and children’s wear ($186 billion) respectively. A snapshot of the total textile imports and exports by top 10 countries is presented in table 1.

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To read more, click here: Weaving advantage in textile sector

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