Major Importers of Textiles & Apparels Globally

EU-27 and USA were the largest importers of T&A commodities during 2024. The T&A imports of EU-27 have increased at a CAGR of 2.95% while that of USA, it has decreased at a CAGR of 0.11% during 2015-2024. During the last 10 years imports of Vietnam and Mexico have increased significantly as compared to other top 10 importers of T&A.

Table 1: Top markets of Textile & Apparel (US$ Bn.)

S No	Country	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	CAGR
1	EU-27	206.99	214.21	227.73	247.18	241.53	247.44	265.12	289.34	265.16	268.85	2.95%
2	USA	119.59	113.47	113.92	119.19	119.44	117.26	127.80	145.53	114.44	118.42	-0.11%
3	China	32.35	28.38	31.05	34.16	32.18	29.32	35.47	31.45	29.86	30.91	-0.51%
4	Japan	35.35	34.77	35.05	37.77	37.13	35.95	33.36	35.40	32.53	30.87	-1.49%
5	Viet Nam	15.45	16.07	17.97	20.47	20.83	18.67	22.75	24.09	20.67	29.52	7.46%
6	UK	34.76	32.08	31.91	32.90	32.54	34.05	29.60	32.70	27.75	26.95	-2.79%
7	Korea	13.91	13.85	14.47	16.31	16.14	15.13	17.06	18.81	17.60	17.89	2.84%
8	Bangladesh	11.85	10.33	11.61	13.65	12.99	11.09	17.83	18.37	14.65	16.51	3.75%
9	Canada	13.57	13.23	13.87	14.45	14.75	15.10	15.34	18.18	15.61	15.46	1.46%
10	Mexico	10.51	10.21	10.22	10.95	10.65	8.68	11.17	13.53	13.31	15.06	4.08%
	Others	186.06	181.15	194.43	206.01	204.64	184.28	216.44	234.94	218.79	230.32	2.40%
	World	680.39	667.75	702.24	753.04	742.82	716.96	791.94	862.34	770.35	800.77	1.83%

Source: ITC Trade Map and CITI Analysis

The top 10 markets enjoy a share of about 71.2% in the global T&A imports in 2024. EU-27 has maintained the top position with 33.6% share in global T&A imports in 2024, followed by the USA and China with a share of 14.8% and 3.9% respectively as shown in figure 2. .

Figure 1: Share of top markets in Global T&A import in 2024

Source: ITC Trade Map & CITI Analysis