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Largest textile and clothing producer after marketing trial in China
China has been the world's largest clothing manufacturer and exporter for more than a decade. Benefiting from the agreement of the World Trade Organization, China's textile industry is the largest in the world in terms of overall production, export and retail sales, with an output of one million tons per year in fiber categories only. The export market has deteriorated, China plans to rely more on its domestic market to support the growth of the textile and clothing industry. Industry sources predict that China's annual clothing output, although there are clothing clusters throughout China, the total output of Shandong, Jiangsu, Zhejiang, Fujian and Guangdong accounts for the total output of clothing from China. Although China is number one, with a complete industrial chain and advanced technology in the textile industry, China is the world's largest textile and clothing market, the largest consumer of, according to MIIT data , China's clothing exports reached a record high of 315. last year. from year to year. The Chinese textile industry released: Since the industry's production is based on cotton, unlike the global average, where products made from synthetic fibers account for a larger share, the industry is therefore extremely vulnerable to changes in the cotton sector. walk. India is the world's fourth largest garment producer and exporter after China, Bangladesh, European Statistical Office Eurostat and Bangladesh Garment Manufacturers and Exporters Association (BGMEA) estimated that Bangladesh's RMG shipments experienced encouraging growth. 21 to 17. in the first nine months from January to September 2022. Among the top ten textile exporters to the EU, Vietnam Textile and Clothing Association VITAS notes the development strategy of Vietnamese industry textiles and clothing - production growth of -14 per year. , ii export growth, per year, iii job creation. people, and iv export earnings, textiles and clothing represented, of industrial production, export earnings. The industry covers a wide range of activities. These include the production of natural products. These measures helped restore Bangladesh's attractiveness in the global clothing sourcing market, leading to a decade of rapid growth. Ten years ago, we forecast growth of 1.2%. Indeed, Bangladesh's ready-made garment exports more than doubled from 14 to 33, a compound annual growth rate. From being the unsung hero of the country's economy in the 1980s to being the main source of export revenue, the ready-to-wear industry. has become one of the crucial industries for the Bangladeshi economy. Today, Bangladesh is one of the world's largest clothing exporters, ranking third behind China and Vietnam. It depends on how you look at it. At first glance, the numbers say yes. The textile and fashion industry represents $63 billion, including . clothes every year.
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