In this piece, we will take a look at the five biggest clothing manufacturing countries in the world. For more countries, head on over to 15 Biggest Clothing Manufacturing Countries in the World.
5. Republic of Indonesia
Raw Materials Consumption In Metric Kilotons: 1,841
The Republic of Indonesia is a Southeast Asian country that is made up of thousands of islands. It has a $1.3 trillion economy but a relatively low GDP per capita of $5,006. Indonesia has a vibrant textile industry that sees it exports a variety of garments such as knitted sweaters, non knitted shirts, and suits. Indonesia also has several traditional textiles that are unique to the country such as Batik, Ulos, Songket, and Tenun Ikat.
4. United States of America
Raw Materials Consumption In Metric Kilotons: 2,110
The United States of America is the world’s largest economy and one of the most technologically advanced countries in the world. America has a vibrant technology industry and a historic textile sector that developed soon after it gained independence from the British Empire. The U.S. also has thousands of advanced shuttle less looms, and it is also one of the largest textile exporters in the world, with $265 million in garments exports in 2021.
3. Islamic Republic of Pakistan
Raw Materials Consumption In Metric Kilotons: 3,145
Pakistan is a South Asian country. It has a $376 billion GDP and a GDP per capita of $1,658. Pakistan is part of the Indian Subcontinent, and as a result, has a historic textile industry as well. The textile industry is the backbone of the Pakistani economy and accounts for the largest share of its exports. Additionally, Pakistan is also the origin point of the textile industry in India. However, the country is yet to modernize its industry, with almost all of its spinning machines being the older shuttle looms. The textile industry also faces several constraints in the industry, the biggest of which is unreliable electricity.
2. Republic of India
Raw Materials Consumption In Metric Kilotons: 6,398
India is the world’s fifth largest economy with a $3.5 trillion GDP. India hugely benefits from its large population as it provides foreign and domestic companies with a large market to sell their products. Like Pakistan, India also has a vibrant textile industry and it is one of the largest sectors of the Indian economy. India also ranks as one of the world’s largest producers of cotton.
1. People’s Republic of China
Raw Materials Consumption In Metric Kilotons: 19,350
The People’s Republic of China is the world’s second largest economy in nominal terms and the largest in purchasing power parity. It also has the highest number of looms in the world, out of which the largest proportion are shuttle less looms. China is also the world’s largest garments exporter, with $4.8 billion in exports in 2021.
Disclosure: None. You can also take a look at 14 Cheap Quarterly Dividend Stocks to Buy and 12 Small Cap Stocks with Insider Buying.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
