Vietnam is the world’s major exporter of textiles and clothing
According to STS Group’s recent textile and apparel market report, the global textile and apparel market will be worth approximately US$573.22 billion in 2022. Vietnam, China, India, Bangladesh, and Turkey have become the major textile and apparel markets. Exporting countries, together account for more than 55% of global apparel exports.
Vietnam’s textile and clothing exports will reach US$44 billion in 2022, becoming the world’s third largest exporter.
The global textile and apparel market is expected to grow by 6.6% to US$610.9 billion in 2023.
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