A Cotton Textiles Export Promotion Council (Texprocil) report suggests, world export trade in textile and clothing declined by 7.32 per cent from $316.06 billion during January to May 2014 to $292.93 billion during Jan-May 2015.

Amongst the top 10 markets, Vietnam reported the highest growth of 10.04 per cent followed by Bangladesh reporting second highest growth rate of 2.17 per cent during the period under review. Indian exports declined 7.58 per cent with exports falling from $17.39 billion in January to May 2014 to $16.07 billion in January to May 2015 China being the largest exporter with $99.76 billion showed a decline of 3.91 per cent followed by Italy with 17.44 per cent.

Textiles and clothing import trade reported a decline of 7.37 per cent from $274.42 billion during January to May 2014 to $254.19 billion during January to May 2015. During the period January to May 2015, USA was the largest importer and recorded a growth of 3.99 per cent. In Europe - Germany, UK, France and Italy reported negative growth.

www.texprocil.org