Topic: Apparel market worldwide ...Middle East

News by : (Bloomberg News Today) -
The revenue of the global apparel market was calculated to amount to 1.53 trillion U.S. dollars in 2022, a slight decrease on the previous year. However, revenue was forecast to increase in 2023, to more than 1.7 trillion dollars. The countries that account for the majority of this apparel demand are the United States and China, both generating substantially higher revenues than any other country. It is perhaps no surprise that the same two countries play a significant role in international trade. In 2021, China led the rankings for the highest value of apparel exports. The U.S. was second only to the EU in the value of apparel imports. Market segments The revenue generated from the women

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