TOP 5 CLOTHING EXPORTERS IN 2016

China, the topexporter, registered a negative growth rate of 7.0 per cent in the past yearand its market share also declined significantly to 36.4 per cent from 39.3 percent in 2015. The World Trade Statistical Review 2017, released by theWorld Trade Organisation (WTO) on Friday, unveiled this information. Thereview provided a detailed analysis of the latest developments in world trade. 

According to thestatistical review, Bangladesh ranked as the third largest clothing exportersafter China and the European Union (EU) in the past year. The EU, an economicunion of 28 European countries, occupied 25.2 per cent global share of clothingexports. The WTO ranked the EU as the second largest clothing exporter, but didnot provide segregate data on clothing export status of EU member countries. Thus, Bangladeshmay be considered the second largest exporter of clothing. The export growthof Vietnam also slowed down to 5.0 per cent in the past year while the countryregistered double-digit growth in 2015.

Nevertheless, its share in the globalclothing market increased to 5.54 per cent in 2016 from 4.90 per cent in 2015. WTO statistics alsoshowed that clothing export from India declined by 2.0 per cent in the lastyear while its share also marginally shrank to 4.0 per cent in 2016 from 4.10per cent in 2015.