World textile export trade and clothing declined by 7.32 per cent from 316.06 billion US dollar during Jan-May 2014 to 292.93 billion US dollar during Jan-May 2015, the Cotton Textiles Export Promotion Council (Texprocil) said in its overview of current trade in textiles & clothing. The document cites figures from Global Trade Information Services, Inc. (GTIS) Geneva, a leading supplier of international merchandise trade data.
Amongst the top ten markets, Vietnam reported the highest growth of 10.04 per cent followed by Bangladesh reporting second highest growth rate of 2.17 per cent during Jan-May 2015. India reported a decline of 7.58 per cent with exports falling from 17.39 billion US dollar in Jan-May 2014 to 16.07 billion US dollar in Jan-May 2015 China being the largest exporter with 99.76 billion US dollar showed a decline of 3.91 per cent followed by Italy with 17.44 per cent.
Textiles and clothing import trade reported a decline of 7.37 per cent from 274.42 billion US dollar during Jan-May 2014 to 254.19 billion US dollar during Jan-May 2015. During the period Jan-May 2015, USA was the largest importer and recorded a growth of 3.99 per cent. Europe, Germany, UK, France and Italy reported negative growth. Vietnam which ranked 8th on the list, recorded a growth of 2.39 per cent during Jan-May 2015.
