World Trade Organization Report On The Decline Of Textile Volume In 2019

According to the report of World Trade Statistics Review 2020 issued by the World Trade Organization (WTO), the world textile trade volume in 2019 decreased by 2.4% to 305 billion US dollars, and the clothing trade volume decreased by 0.4% to 492 billion US dollars. The trade war between China and the United States is one of the reasons for the shrinkage of textile and clothing trade.

In terms of textile export, the top three textile export regions in 2019 are China, eu-28 and India, accounting for 66.9% of global textile exports. Vietnam's textile exports increased by 8.3% year-on-year, surpassing Taiwan and becoming the seventh largest textile exporter in the world. According to the WTO report, China's share of world textile exports rose to a record 39.2%.

In terms of clothing export, China, eu-28, Bangladesh and Vietnam accounted for 71.4% of the global clothing market. However, according to the WTO report, China's share fell from 31.3% in 2018 to 30.8% last year.

In terms of textile imports, in 2019, the United States and the 28 EU countries together accounted for 31.2% of global textile imports. Vietnam became the third largest textile importer.

In terms of clothing export, in 2019, the top three garment importing countries, including eu-28, the United States and Japan, purchased 58.1% of global clothing.