In the global trade arena, the textile enterprise plays a critical role with a huge amount of textiles, clothes, and different fabric products being imported each year. To better apprehend the marketplace dynamics, it's critical to delve into the facts of textile importers. The HS code for textiles is 5911. Textile imports had a total value of $941 billion in 2022, making it the seventh-largest traded product in the world. Textile imports have a total market share of 3.97% in global trade. In terms of textile imports between 2021 and 2022, the United States ($12.4 billion), Italy ($3.88 billion), Kyrgyzstan ($3.57 billion), Germany ($2.82 billion), and Turkey ($2.82 billion) had the fastest rates of import growth. Textile importers’ statistics refer to the data that provides insights into the volume, value, and trends of textile imports across different countries. These statistics help us understand the demand for textiles, market trends, and the competitive landscape in the global textile industry. In this article, we will delve into the top 10 textile importers and the major textile import trends for the year 2022 in particular.
Key Points to discuss in the textile importer statistics.
Who are the top 10 textile importers in the world?
The USA is the biggest textile importer country in the world with textile imports worth $148 billion in 2022 followed by Germany and Japan. These three entities collectively account for a significant portion of global textile imports in the world trade. Textiles are a commodity that is always in huge demand across the globe. The top 10 textile importers in 2022 include:
1. USA: $148 billion (15.7%)
2. Germany: $69.3 billion (7.36%)
3. Japan: $35.3 billion (3.75%)
4. France: $35.2 billion (3.74%)
5. United Kingdom: $33.7 billion (3.58%)
6. Italy: $31.8 billion (3.38%)
7. Spain: $30.3 billion (3.22%)
8. China: $27.8 billion (2.95%)
9. Vietnam: $27.5 billion (2.92%)
10. Netherlands: $24.9 billion (2.64%)
Who are the top 10 Textile Importing Companies?
The global textile industry has been experiencing several trends in recent years, impacting the import of textiles due to top textile-importing companies. The Top 10 textile importing companies with their annual export revenue include:
1. Academy Sports + Outdoors (USA)
2. Adidas AG (Germany)
3. Aldo (United States)
4. American Eagle Outfitters (USA)
5. Arcadia Group (United Kingdom)
6. Armani (Italy)
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7. Asics Corporation (Japan)
8. Brooks Brothers (USA)
9. Belle International Holdings Limited (Hong Kong)
10. Benetton Group (Italy)
Major Highlights of the Textile Importer Statistics
Textile import value in 2022
$941 billion
Biggest Textile importer
USA ($148 billion)
Biggest Textile importing company
Academy Sports + Outdoors (USA)
Textile import market share
3.97%
Biggest growing markets between 2021-22
USA, Italy, Kyrgyzstan, Germany, and Italy
How to find potential textile buyers at the best prices online?
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Conclusion
In conclusion, textile importers' statistics offer beneficial insights into the worldwide textile industry, assisting groups make informed decisions and staying ahead of the curve in this rapid-paced and dynamic marketplace. We now understand that the United States is the biggest textile importer globally. Additionally, technological improvements have had a sizeable effect on textile imports, with virtual printing, 3-D knitting, and other improvements remodeling the way textiles are produced and made for the top textile importers. By staying in advance of the cutting-edge trends and traits in textile imports, importers can position themselves for fulfillment in a competitive and evolving enterprise.
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