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The following is a list of countries by textile exports. Data is for 2022, in billions of United States dollars, as reported by The Observatory of Economic Complexity. [1] Currently thirty countries, as of 2022, are listed.
Major commodities exported from India to the US include [218] [219] Gems, precious metals and coins, Pharmaceuticals, Oil, Machinery, Textiles (including knit & crochet), Organic chemicals, Vehicles, and Iron or steel products American exports to India amounted to $20.5 billion or 5.2% of India's overall imports in 2015.
The Multi Fibre Arrangement (MFA) governed the world trade in textiles and garments from 1974 through 1994, imposing quotas on the amount developing countries could export to developed countries. Its successor, the Agreement on Textiles and Clothing (ATC), expired on 1 January 2005.
According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$ 55 billion, 64% of which services domestic demand. [1] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India. [3]
According to the Ministry of Textiles, the share of textiles in total exports during April–July 2010 was 11.04%. During 2009–2010, the Indian textile industry was pegged at US$ 55 billion, 64% of which services domestic demand. [25] In 2010, there were 2,500 textile weaving factories and 4,135 textile finishing factories in all of India. [26]
In the year 2024–2025, gold and its finished items (HS code 71) were the second-largest traded items with 55.846 billion US$ worth imports and 41.692 billion US$ worth re-exports after value addition, and a significant amount of this Gold is being imported from Japan as Gold Chemical Compounds to save duty and import tax free under India ...
Clothing factory in Montreal, Quebec, 1941. Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments, starting with the textile industry (producers of cotton, wool, fur, and synthetic fibre), embellishment using embroidery, via the fashion industry to apparel retailers up to trade with second-hand clothes and ...
Thus, the Agreement on Textiles and Clothing (ATC) stipulated a systematic and progressive elimination of the Multi Fiber Arrangement (MFA) over a span of ten years. This process culminated on 1 January 2005. Under the MFA, quotas were imposed on the export of textiles and garments from developing countries to developed nations from 1974 to 1994.