The global export of cotton fabrics has decreased 17.95 per cent to $32,990.56 million in the year 2019 compared to $40,206.37 million in 2017. Whereas, total exports slipped 18.17 per cent in 2019 over the previous year. Further, the exports is expected to move up to $34,925.72 million in 2022 with a rate of 5.87 per cent compared to 2019.
The global import value of cotton fabrics was $19,189.97 million in 2017, which dropped 13.27 per cent to $16,643.85 million in 2019, according to Fibre2Fashion's market analysis tool TexPro.
Total imports plunged 16.48 per cent in 2019 over the previous year and is expected to rise to $17,121.28 million in 2022 with a rate of 2.87 per cent from 2019.
China ($20,770.82 million), Pakistan ($2,050.20 million) and India ($1,942.07 million) were the key exporters of cotton fabrics across the globe in 2019, together comprising 75.06 per cent of total export. These were followed by Italy ($1,036.42 million), Turkey ($909.16 million) and Hong Kong ($645.09 million).
