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The textile sector accounts for 54% of Pakistan's export earnings. [32] The industry's contribution in the nation's exports account for 8.5% of the total GDP. Textile exports stood at $4.4 billion in 2017–18. The industry employs a large section of the labour force in the country.
According to Women's Wear Daily, they account for more than 50 percent of the world's total overall production, exports, and retail. As of 2022, their textile and garment exports total up to around $316 billion and their retail up to $672 billion. China has been ranked as the world's largest manufacturer since 2010. [4]
In recent years, Pakistan has faced competition from regional players including Bangladesh, India and Vietnam. In the past decade, Pakistan's share in global textile market decreased to 1.7 percent from 2.2 percent, Bangladesh saw an increase from 1.9 to 3.3 percent and India from 3.4 to 4.7 percent. Barriers to growth include:
Pages in category "Textile industry by country" The following 2 pages are in this category, out of 2 total. ... This page was last edited on 25 July 2023, at 05:56 (UTC).
From 2012-2016, Missouri was ranked eighth in cotton production in the United States with the average production value of $191,004,400. Missouri soil allows for the growth of upland cotton with the average bale weighing approximately five hundred pounds. The cottonseed from Missouri cotton production is used as livestock feed.
Over the last few decades, the apparel industry grew to represent Sri Lanka's number one export. Following a 38% increase in textile-based revenue from 1996 to 1997, in which the industry generated $2.18 billion in earnings, 50 new textile factories opened in Sri Lanka in 1998. [10]
The U.S. job market is cooling from the red-hot levels of the past two years. But it's still healthy by historical standards: Employers are adding an average of 239,000 jobs a month this year. And ...
The export value of textile industries was US$44 million in 1963 in which 80% of it was cottons. Major exporting countries or regions were British Hong Kong, Iran, Latin America, South Korea, South Vietnam, Thailand, United Kingdom, United States. [1] In 2015, textile exports amounted NT$10.8 billion and imports amounted NT$3.46 billion.