Trade and trade policy: the world's leading clothing exporters and key markets, January 2017
This report provides vital data and analysis of trends in exports from the world's leading clothing exporting countries. The report provides an introduction to world trade and then focuses in greater detail on the leading ten clothing exporters and their key markets. World clothing exports fell in US dollar terms in 2015, due partly to the appreciation of the US dollar against many currencies – most notably the euro. Furthermore, only four of the world's ten leading clothing exporters achieved growth. China was the largest exporter, followed by the EU, Bangladesh, Vietnam, Hong Kong, India, Turkey, Indonesia, the USA and Cambodia. In terms of destination, strong growth was seen in clothing exports to countries in Asia and the Middle East – including China, Hong Kong, South Korea and the United Arab Emirates (UAE) – as well as to the USA. Exports from most countries to the majority of EU countries, however, took a tumble. Looking to the future, a number of factors could affect growth, including: financial volatility stemming from changes in monetary policy in developed countries; the effects of the so-called Brexit vote in the UK, which has increased uncertainty regarding trading arrangements in Europe; and the election of Donald Trump as president of the USA, which is likely to affect the USA's trading arrangements, as well as potential trade agreements.