Overview: In 2018, Textiles were the world's 7th most traded product, with a total trade of $815B. Between 2017 and 2018 the exports of Textiles grew by 13.2%, from $719B to $815B. Trade in Textiles represent 4.43% of total world trade.
Exports: In 2018 the top exporters of Textiles were China ($258B), Bangladesh ($41B), Vietnam ($38.4B), Germany ($38.1B), and India ($37.2B).
Imports: In 2018 the top importers of Textiles were United States ($118B), Germany ($61.3B), Japan ($36.5B), France ($35.3B), and United Kingdom ($34.6B).
Tariffs: In 2018 the average tariff for Textiles was 15.4%, been the 5 lowest tariff using the Section product classification.
The countries with the highest import tariffs for Textiles are Iran (60.4%), Syria (29.9%), Ethiopia (28.9%), Bahamas (28.7%), and Sudan (26.8%). The countries with the lowest tariffs are Hong Kong (0%), Singapore (0%), Switzerland (0%), Mauritius (0.42%), and Sri Lanka (0.59%).
Ranking: Textiles ranks 15th in the Product Complexity Index (PCI).