Static aspects:[ An article by syed Muhammad shoaib on Static Aspects of Textile and Clothing Industry]

Static aspects: 

Trade [ An article by syed Muhammad shoaib on Static Aspects of Textile and Clothing Industry]

Textiles and clothing plays a vital and significant role in the development and industrialization Process of countries and their integration into the world economy. The WTO (2006) notes that in 2004, developing countries as a group (low and middle income countries) accounted for more than half of all world exports of textiles and clothing and that in no other category of manufactured goods do developing countries enjoy such a large Net-exporting position.  All world regions have experienced double digit growth in the manufactured goods sectors within the last two years. While textiles and clothing industries account for only a small  percentage of total world manufactured exports, 4.5% in 2006, some regions and countries rely on T&C for a much higher percentage. Regions with an above average share include Asia, and for clothing -South and Central America, Africa, and Asia.  World merchandise trade by product Total manufactured exports as a  % of total exports  (2006) of which clothing(2006) of which textiles (2006) World   70.1  2.6  1.9 Asia 81.9 5 3.2Europe 78.4 2.2 1.7North America  73.5  0.8  1 South and Central America 31.4 3 0.7CIS 24.9 0.4 0.4Middle East  21.4  0.7  1.2 Africa 19.6 2.7 0.4Source: WTO (2006)The top textile exporters are EU-25, China, Hong Kong, the US, Korea, Taiwan and India and in 2006 these countries accounted for 80.5% of total world textile exports. Clothing exports from less developed countries have increased over the period 1990 to 2006, with Bangladesh and Indonesia increasing their exports of clothing more so than the US over this period. Cambodia, Honduras and Malaysia are amongst new entrants to the group of top 20 clothing exporters over 1990-2006. Vietnam has dramatically increased its share of clothing exports over the period 1990 to 2006. As with textiles, Europe, China and Hong Kong are the largest clothing exporters, but overall the clothing export market is less concentrated.   Clothing is a key manufacturing export for many developing countries. Haiti, Bangladesh, Cambodia, Lesotho and Macao (China) are the economies with the highest dependence on clothing exports. Several African countries also have a high dependence on clothing exports, such as Lesotho (64%), Madagascar (56.4%), and Mauritius (35.5%). Those countries with a dependence of more than 50% on clothing exports tend to be low income, with the exception of Macao China and Honduras which are classified as lower middle income countries. There is less overall dependence on textile exports for developing economies. Pakistan has the highest dependence on textiles (44.1% of manufacturing exports), followed by Nepal.  Textiles and clothing is a key export especially for low to middle income countries. Bangladesh has the highest total dependence on textiles and clothing as a total share of merchandise exports (83.5%), followed by Pakistan (67.2%) and Sri Lanka (47%).  : Countries with a high dependence on textile and clothing exports as a % of total merchandise exports, 2006 Economy Textile share in total merchandise exports ` Clothing share in total merchandise exports Share of textile and clothing in merchandise exports Bangladesh 6.9 76.6 83.5Pakistan 44.1 23.1 67.2Sri Lanka 2.2 44.8 47 Mauritius 3.6 35.5 39.1Tunisia 2.9 27.6 30.5Guatemala 3.0 25.8 28.8Vietnam 2.0 14.9 16.9Source: WTO (2006). The textile and clothing is very important economic aspect that pays a significant and most important role.