Textiles and clothing (% of value added in manufacturing)
Countries By Textiles and clothing (% of value added in manufacturing)
Key points
- Bangladesh has the highest percentage of value added in manufacturing in the textiles and clothing sector, standing at 56.81%, showcasing a significant contribution of this industry to its economy.
- Ireland has the lowest percentage among the listed countries, with only 0.02% of value added in manufacturing attributed to textiles and clothing, indicating a minimal presence of this industry in its manufacturing sector.
- The average percentage of value added in manufacturing in the textiles and clothing sector among the selected countries is 6.33%, highlighting the varying degrees of importance placed on this industry in different economies.
- Countries like Sri Lanka (39.30%), Moldova (16.09%), and Tunisia (17.59%) have relatively high percentages, indicating a significant reliance on textiles and clothing manufacturing for value addition.
- Advanced economies such as the United States (1.18%), United Kingdom (1.58%), and Germany (1.14%) have lower percentages in this sector, suggesting a shift towards other industries with higher value addition.
Official Definition of Textiles and clothing (% of value added in manufacturing)
Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.
Importance
- Importance of Textiles and Clothing (% of value added in manufacturing) Statistic:
- The "Textiles and clothing (% of value added in manufacturing)" statistic is crucial for a country's economy as it indicates the contribution of the textiles and clothing industry to the overall manufacturing sector.
- Implications of a Low Value:
- If the value of Textiles and Clothing (% of value added in manufacturing) is low, it may signify a lack of competitiveness in the country's textiles and clothing industry. This could lead to a decline in employment opportunities, reduced exports, and potentially hindered economic growth.
- Furthermore, a low value in this statistic may indicate a need for policy interventions to boost the efficiency and productivity of the textiles and clothing sector to enhance its contribution to the manufacturing industry.
- Implications of a High Value:
- Conversely, a high value in the Textiles and Clothing (% of value added in manufacturing) statistic suggests a strong and competitive textiles and clothing industry within the manufacturing sector.
- This can lead to increased job creation, higher exports, and a positive impact on economic development. A thriving textiles and clothing industry can also attract foreign investment and improve the country's trade balance.
Top 10 Countries by Textiles and clothing (% of value added in manufacturing)
Bottom 10 Countries by Textiles and clothing (% of value added in manufacturing)
Regions
Europe
Textiles and clothing industries contribute differently to the manufacturing sector across the listed countries. For instance, Albania has a relatively high percentage of 32.50%, indicating a significant reliance on this sector, while Iceland has a lower percentage of 1.08%. Countries with higher values like Moldova and Portugal at 16.09% and 14.37% respectively may benefit from a strong textile industry in terms of employment and export revenue. However, overreliance on these industries could pose a risk to economic stability, as seen in countries like Montenegro. The statistic highlights the diverse development paths of these nations, with varying implications for economic growth and resilience.
Far East: East Asia, SE Asia, Australia
Textiles and clothing contribute varying percentages to the manufacturing value added in the listed countries. Vietnam stands out with the highest percentage at 14.68%, suggesting a strong reliance on this sector. China follows with 9.99%, indicating a significant but slightly lesser contribution. Indonesia and Mongolia also show substantial reliance at 11.23% and 8.30% respectively. Conversely, Singapore has the lowest percentage at 0.14%, reflecting a less significant role in textiles and clothing manufacturing. While this statistic highlights key sectors for each country, heavy reliance poses risks such as vulnerability to market fluctuations. However, it can also signify specialization and potential for growth if managed effectively.
ASEAN
Indonesia and Vietnam lead in Textiles and clothing as a percentage of value added in manufacturing, with Indonesia at 11.23% and Vietnam at 14.68%. While Indonesia benefits from a diverse textile industry and a large labor force, Vietnam's advantageous geographical location for exports enhances its textile sector. Malaysia and Philippines follow with lower percentages, showcasing potential for growth but facing challenges such as competition and production costs. Singapore, with the smallest percentage at 0.14%, focuses on higher value-added manufacturing. This statistic signifies the varying stages of industrial development among these countries, impacting employment, trade balances, and economic diversification strategies differently.
Latin America
When examining the Textiles and Clothing (% of value added in manufacturing) statistic for the listed countries, significant variations are observed. Nicaragua stands out with a notably high percentage of 21.36%, indicating a strong reliance on the textiles and clothing sector within its manufacturing industry. Peru follows with 6.48%, showcasing a moderate contribution. On the other hand, countries like Panama and Mexico have lower percentages at 1.42% and 2.14% respectively, suggesting a lesser emphasis on this sector. The advantage for high-ranking countries lies in potential export growth and job creation, while the disadvantage could be vulnerability to fluctuations in the global textile market. For lower-ranking countries, diversification benefits may shield them from sector-specific risks. This statistic's impact on development varies, with opportunities for specialization and innovation in higher-ranking countries, but also the need for diversification to mitigate risk in lower-ranking ones.
Middle East
Textiles and clothing contribute significantly to the manufacturing sector in the selected countries. Tunisia and Turkey stand out with the highest percentages, indicating a strong focus on this industry. Jordan follows closely, showcasing a notable emphasis as well. These countries enjoy advantages such as job creation and export opportunities; however, they may face challenges like labor exploitation and environmental impact. For nations with lower percentages like Oman and Cyprus, there is potential for growth in diversifying their manufacturing base. Overall, this statistic reflects the varying economic priorities and strategies of the countries, influencing their development trajectories and global competitiveness in the textile and clothing sector.
Rivals
Anglosphere v BRICS
Australia has a low percentage of value added in manufacturing for textiles and clothing at 2.17%, indicating less emphasis on this industry. Brazil, China, and India have higher percentages at 4.66%, 9.99%, and 9.27% respectively, reflecting strong textile sectors. Canada, New Zealand, the Russian Federation, South Africa, the United Kingdom, and the United States have values ranging from 1.18% to 1.94%, suggesting a moderate focus on textiles and clothing. For countries with high percentages, such as China and India, this indicates a competitive advantage in textile production but could lead to over-reliance and vulnerability to market fluctuations. For countries with lower percentages, like Australia, diversification may be needed to stimulate manufacturing growth. Overall, this statistic reflects each country's industrial dynamics and highlights the varying developmental strategies and challenges they face in the textile industry.
Russia v Ukraine
For the Textiles and clothing (% of value added in manufacturing) statistic, the Russian Federation has a value of 1.71% while Ukraine has a higher value of 2.87%. Ukraine surpasses Russia in the contribution of textiles and clothing to manufacturing value added. Ukraine's advantage lies in its relatively higher focus on this sector, indicating potentially greater specialization and competitiveness. However, this heavy reliance may also pose a risk to Ukraine's manufacturing diversification. For Russia, a lower percentage suggests a more diversified manufacturing base, reducing vulnerability to fluctuations in the textiles and clothing industry. Overall, the statistic signifies Ukraine's sectoral strength and Russia's diversified industrial profile.
France v United Kingdom
In terms of Textiles and Clothing as a percentage of value added in manufacturing, France leads with 1.67%, followed closely by the United Kingdom at 1.58%. France's slightly higher percentage indicates a relatively larger contribution of Textiles and Clothing to its manufacturing sector compared to the United Kingdom. France benefits from a diverse textile industry and a reputation for luxury fashion, allowing for higher value-added production. However, this specialization could also pose a risk to France's manufacturing sector if demand shifts. The United Kingdom's slightly lower percentage suggests a smaller reliance on Textiles and Clothing, providing more sectoral diversity and potentially reducing vulnerability to market fluctuations. Overall, for France, this statistic reflects a strength in a high-value industry, while for the United Kingdom, it signifies a more balanced manufacturing base.
Israel v Iran
Iran has a higher percentage of Textiles and clothing value added in manufacturing compared to Israel, with 2.86% as opposed to Israel's 1.79%. This indicates that Iran has a relatively larger textile and clothing manufacturing sector within its overall manufacturing industry. Iran may benefit from this by potentially having a more diversified manufacturing base and providing employment opportunities. However, this heavy reliance on textiles and clothing could make Iran vulnerable to fluctuations in global demand for these products. In contrast, Israel's lower percentage suggests a smaller focus on this sector, possibly signaling a more diverse manufacturing industry with less vulnerability to textile-specific market changes.
Saudi Arabia v Iran
Iran and Saudi Arabia have relatively low values for the Textiles and clothing (% of value added in manufacturing) statistic, with Iran at 2.86% and Saudi Arabia at 2.71%. Iran's slightly higher value indicates a marginally larger contribution of textiles and clothing to its manufacturing sector compared to Saudi Arabia. For Iran, this may suggest a more diverse manufacturing base with potential for growth in the textile industry. However, reliance on this sector could expose Iran to market fluctuations. In contrast, Saudi Arabia's lower value may indicate a less developed textile industry, offering opportunities for expansion but also showing a potential lack of diversification. Overall, these statistics highlight the need for both countries to carefully balance and diversify their manufacturing sectors to drive sustainable economic development.
Turkey v Greece
In terms of Textiles and clothing (% of value added in manufacturing), Greece has a lower percentage at 3.12% compared to Turkey's 16.09%. This indicates that Turkey has a much higher proportion of value added in manufacturing coming from textiles and clothing compared to Greece. For Greece, the lower percentage may suggest a more diversified manufacturing sector, reducing reliance on textiles and clothing production. However, this diversification could also mean less focus on a potentially lucrative industry. Turkey's higher percentage highlights a specialization in textiles and clothing, providing a competitive advantage but also vulnerability to market fluctuations in that sector. This statistic can impact Greece's development by promoting resilience through diversification while Turkey may benefit from leveraging its specialization for growth, yet could be exposed to risks in a volatile industry.
China v Japan
China, People's Republic of, has a relatively high Textiles and Clothing (% of value added in manufacturing) at 9.99%, indicating a significant contribution of this sector to its manufacturing value added. In contrast, Japan has a lower percentage at 1.57%, suggesting a smaller emphasis on textiles and clothing in its manufacturing sector. China benefits from a diverse and large-scale textile industry, providing employment and economic growth opportunities but may face environmental and labor rights challenges. Japan's focus on higher value-added manufacturing may enhance innovation but could limit job creation. This statistic reflects the differing industrial strategies and economic priorities of both countries, impacting their development paths and global competitiveness.
FAQs
- Which country has the most Textiles and clothing (% of value added in manufacturing)?
Bangladesh has the highest value of Textiles and clothing (% of value added in manufacturing) with 56.81%. - Which country has the least Textiles and clothing (% of value added in manufacturing)?
Ireland has the lowest value of Textiles and clothing (% of value added in manufacturing) with 0.02%. - What is the average Textiles and clothing (% of value added in manufacturing) among the listed
countries?
The average Textiles and clothing (% of value added in manufacturing) among the listed countries is approximately 6.33%.