Choosing the Best Textile Importers
Choosing the best textile importers will help you get the best quality products at the most affordable prices. Whether you’re looking for Chinese suppliers or Vietnamese textiles, there are many countries to choose from. Each has its own advantages and disadvantages. However, all of them are worth checking out. Read on to discover which ones are best for your company.
Vietnam
Vietnam has a huge textile and garment industry and has been growing steadily since 2005. It is estimated that the industry will reach a turnover of $ 28 billion in 2015 and is the country’s second largest export industry behind oil. It also accounts for approximately 25% of the country’s industrial employment. Vietnam also has a large footwear industry, producing around 800 million pairs of shoes every year.
China
The textile industry in China attracts FDI from abroad, and over 50% of the total textile exports are trades in processing of customer’s materials. Most of the FDI in the textile industry in China comes from foreign textile enterprises, which are the main source of the country’s export income. For this reason, it is very important to develop independent and international brands in the textile industry in China.
United States
The U.S. textile industry exports a wide range of textile products to more than 200 countries. In 2019, it exported textile products worth over $100 million to 24 Western Hemisphere countries. The industry supplies more than 8,000 different textile products to the U.S. military.
Italy
The textile industry in Italy is focused on industrial districts like Prato, Castel Goffredo, Como, Vicenza, and Biella. Its exports to China increased by 2.8 percent in the first ten months of last year. In total, the country exported 4.3 billion euros worth of textile products. For Italian companies, quality and transparency are the most important factors. Giovanni Germanetti, the director general of Italian yarn and textile producer Tollegno 1900, said that before the Chinese influx, Italian brands were paying less attention to quality.
Ghana
In Ghana, some of the most popular textiles are imported from China. These textiles, which are cheaper than locally produced Ghanaian ones, have caused local producers to struggle to compete. Although some of the imported textiles may not look or feel like they are from Ghana, some are extremely similar to local textiles. Some sellers prefer to sell these copies because they are cheaper and will sell faster.
Turkey
Textile products from Turkey are becoming more popular in the U.S., where it is one of the leading importers of goods. The country has become an increasingly important trade partner with the U.S., producing some of the most popular goods imported by the country. Turkey’s top three import categories include textiles and machinery. Turkey’s economy is largely industrial, accounting for over 31% of the nation’s GDP. Currently, Turkish textile products can be found on online retailers like Amazon.https://www.youtube.com/embed/ZE1LImtpKNM
